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The users of electricity networks are organized into groups where the production and consumption of electricity is in …
Persistent link: https://www.econbiz.de/10013081645
We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two-part tariff. First, we test this mechanism in a three-node network....
Persistent link: https://www.econbiz.de/10003975634
Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship...
Persistent link: https://www.econbiz.de/10003975635
This paper proposes an incentive mechanism for transmission expansion planning. The mechanism is a bilevel program. The upper level is a profit-maximizing transmission company (Transco) which expands its transmission system while endogenously predicts and influences the generation investment....
Persistent link: https://www.econbiz.de/10010519927
Adequate extension of electricity transmission networks is required for integrating fluctuating renewable energy …
Persistent link: https://www.econbiz.de/10011427575
We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different risk exposure in incentive regulation. In contrast, it is common to apply only a single...
Persistent link: https://www.econbiz.de/10010234037
the majority of the distribution networks remained publicly owned, I use a synthetic control method to identify the … effects on price and labor efficiency. In comparison to their synthetic counterparts, I find that the acquired networks … bordering networks that were separately operated by each municipality prior to the acquisitions, I examine to what extent the …
Persistent link: https://www.econbiz.de/10011561082
This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a vertically integrated input monopolist to discriminate third parties on the downstream market. Currently, this is an issue in network industries like telecommunications, electricity...
Persistent link: https://www.econbiz.de/10010492296
Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have...
Persistent link: https://www.econbiz.de/10011294101
Electricity transmission pricing and transmission grid expansion have received increasing regulatory and analytical attention in recent years. Since electricity transmission is a very special service with unusual characteristics, such as loop flows, the approaches have been largely tailor-made...
Persistent link: https://www.econbiz.de/10013141078