The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …

analyses, which were based on simplifying assumptions. We show that a combined merchant-regulatory regulation, which draws on a …

To date, the distributive implications of incentive regulation on electricity transmission networks have not been … efficiency under price-cap regulation have not yet been identified. To discern these parameters is the motivation for the … price-cap incentive regulation for electricity transmission. We find that a regulator's use of ideal (Laspeyres) weights …

more specific but still general incentive regulation literature. An exception has been Vogelsang (2001), who postulated … the incentive-regulation hypothesis (regulatory approach). An independent system operator (ISO) could handle the actual … dispatch and operational pricing. The transmission firm is regulated through benchmark or price regulation to provide long …

terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two …