Course Overview:
This 5-day course, provided by IRES, focuses on the principles and practices of costing and pricing utilities. Participants will learn how to determine the costs associated with utility services, develop pricing strategies, and analyze the financial impact of pricing decisions. The course emphasizes practical applications and case studies to help participants understand the complexities of utility pricing in various sectors.
Course Duration:
5 Days
Target Audience:
- Utility Managers
- Financial Analysts in the utility sector
- Pricing Analysts
- Policy Makers
- Professionals involved in utility regulation and management
Personal Impact:
- Gain a comprehensive understanding of utility costing and pricing mechanisms.
- Enhance analytical skills to evaluate pricing strategies.
- Improve decision-making capabilities regarding utility pricing.
Organizational Impact:
- Strengthen the organization’s pricing strategies for utility services.
- Improve financial sustainability and customer satisfaction.
- Foster better regulatory compliance and transparency in pricing.
Course Level:
Course Objectives:
By the end of this course, participants will be able to:
- Understand the key concepts of costing and pricing in utilities.
- Develop cost models for utility services.
- Analyze the factors influencing pricing decisions.
- Create pricing strategies that align with organizational goals.
- Evaluate the impact of pricing changes on customers and the organization.
Course Outline:
Module 1: Introduction to Utility Costing
- Key Topics:
- Overview of Utility Costing Principles
- Types of Costs: Fixed, Variable, and Semi-Variable
- Cost Allocation Methods
- Case Study: Cost Structure of a Utility Company
- Activity: Identifying and Categorizing Costs
Module 2: Costing Models for Utilities
- Key Topics:
- Development of Costing Models
- Activity-Based Costing (ABC) in Utilities
- Understanding Marginal Costs and Their Applications
- Case Study: Implementing an Activity-Based Costing Model
- Activity: Building a Cost Model for a Utility Service
Module 3: Pricing Strategies for Utilities
- Key Topics:
- Overview of Pricing Principles and Strategies
- Factors Affecting Utility Pricing
- Regulatory Frameworks and Pricing Guidelines
- Case Study: Analyzing a Utility Pricing Strategy
- Activity: Developing a Pricing Strategy Proposal
Module 4: Financial Analysis and Impact of Pricing Decisions
- Key Topics:
- Financial Metrics for Pricing Decisions
- Analyzing the Impact of Pricing on Revenue and Profitability
- Customer Behavior and Demand Elasticity
- Case Study: Assessing the Financial Impact of a Price Change
- Activity: Conducting a Break-Even Analysis
Module 5: Implementing Pricing Strategies and Monitoring Outcomes
- Key Topics:
- Steps for Implementing Pricing Strategies
- Monitoring and Evaluating Pricing Outcomes
- Adjusting Strategies Based on Market and Regulatory Changes
- Case Study: Reviewing a Utility’s Pricing Implementation
- Activity: Creating a Pricing Monitoring Plan
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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