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regulation should consider the costs and benefits of the integration of decentralized energy generation units. Without an …
Persistent link: https://www.econbiz.de/10010424615
We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with both cost-plus and revenue-cap regulations. After reviewing international experiences on transmission investment, we first make a qualitative assessment of the overall German...
Persistent link: https://www.econbiz.de/10011292834
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective …
Persistent link: https://www.econbiz.de/10011746784
settings. We find that incentive regulation may perform better than cost-based regulation but only when appropriate weights are …. Thus, our analysis provides motivation for further research in order to characterize optimal regulation for transmission …
Persistent link: https://www.econbiz.de/10011885485
dynamic generation settings. Through application in a stylized two-node network, we find that incentive regulation may perform … motivates further research aimed to characterize optimal regulation for transmission expansion in the context of renewable …
Persistent link: https://www.econbiz.de/10009771877
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 …
Persistent link: https://www.econbiz.de/10010189844
Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables by 2030. In order to fund investments in solar and wind capacity, we find that investor-owned utilities subject to RPS issue more debt and pay higher...
Persistent link: https://www.econbiz.de/10014354882
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …
Persistent link: https://www.econbiz.de/10012932120
This paper proposes an extended version of the analytical structural model for the electricity market developed in a previous paper. The presented electricity price process is driven by stochastic load and random plant availability as well as stochastic marginal generation cost factors embedded...
Persistent link: https://www.econbiz.de/10012970389
This paper presents an analytical structural model for the electricity price process driven by stochastic load as well as stochastic marginal generation costs in a multi-fuel stack framework covering the entire fuel switch dynamics. Moreover, the random character of available generation capacity...
Persistent link: https://www.econbiz.de/10012972150