incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …

an FDR market featuring either (i) both DSO and aggregators; or (ii) a monopoly aggregator also supplying generation to … the real-time market. The paper also characterizes a regulation that implements the efficient outcome. …

reshuffled and because the old regulation mechanism, allowing for such cash flows, will be revised. This paper presents some … simulations is on the impact of the choice of the regulation mechanism on prices and on the municipalities' budget. Three … regulation schemes are simulated, 'rate-of-return' (ROR) regulation, 'constant profit per unit of output' (CPU) regulation and …

We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public … utilities. To maximize total surplus, the regulator sets the price and socially costly transfers, ensuring that the monopoly …

This paper shows how scale economies affect welfare-maximizing regulation and regulated firms' investment behavior … economies of scale, and above them otherwise. Despite quantity regulation raising the average cost of building capacity, price …