Incentive regulation in theory and practice : electricity distribution and transmission networks
Name
2005-014.pdf
Size
763.32 KB
Format
Adobe PDF
Checksum (MD5)
931d272cad1e0d1a0399232635a96dce
Author(s)
Joskow, Paul L.
Date Issued
2005
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series) ; 05-014WP.
Abstract
Modern theoretical principles to govern the design of incentive regulation mechanisms are reviewed and discussed. General issues associated with applying these principles in practice are identified. Examples of the actual application of incentive regulation mechanisms to the regulation of prices and service quality for "unbundled" transmission and distribution networks are presented and discussed. Evidence regarding the performance of incentive regulation in practice for electric distribution and transmission networks is reviewed. Issues for future research are identified.
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