requirements, (international) benchmarking is not an adequate tool for the regulation of transmission system operators (TSO …Electricity networks currently face massive investment requirements. This paper argues that, given the investment …). Errors in the outcomes of benchmarking will likely distort network investment and therefore the costs of doing it wrong are …

The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …-line) depreciation given heterogeneous investment and cost cycles will cause instantaneous yardstick levels below the long …

In the context of yardstick regulation with long-lived assets, the influence of investment cycles and thereof resulting … heterogeneous capital structures on the ability to recover capital is quite important. Investment decisions are based on whole … investment cycles of the infrastructure. It is shown in this article that variable lifetimes of assets may cause substantial …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the …-line) depreciation-given heterogeneous investment and cost cycles will cause instantaneous yardstick levels below the long …