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The electric power industry is moving away from a regulated utility model, toward a deregulated market-based model - thereby intending to improve system efficiency by reducing generation costs and customer prices, while at the same time improving capital expenditures and service reliability....
Persistent link: https://www.econbiz.de/10013051857
The goal of this paper is to test if the promised U.S. electrical system high reliabilitystandards are being maintained, once states deregulate their electric utilities. This research is the first in the literature to combine states that offer retail choice, by deregulating their electric...
Persistent link: https://www.econbiz.de/10013322253
Economic theory states that “free market” competition naturally achieves lower prices—thereby increasing efficiency and benefiting society. This is the first paper in the literature to use means testing to statistically analyze electricity prices, from 1970-2011, for states that...
Persistent link: https://www.econbiz.de/10013322254
regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue … regulation model that be revised by the regulator. The lessons of experience from the RIIO models are also relevant for … regulators in other countries and can inform their design of incentive regulation of energy networks. …
Persistent link: https://www.econbiz.de/10012194437
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We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities … regulation. In contrast, it is common to apply only a single benchmark, the weighted average cost of capital (WACC), uniformly to ….0 percentage points depending on the size of the firm (in the range of 3% to 40% of total cost of capital). Regulation of …
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Die vorliegende Dissertation untersucht die kapitalbezogenen Aspekte von Investitionen im regulierten Energiesektor, wobei der Fokus auf dem elektrischen Übertragungsnetz liegt. Eine grundlegende Prämisse ist hierbei die "Endogenität des Risikos," wonach das Risikoprofil einer regulierten...
Persistent link: https://www.econbiz.de/10009713721