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dc.contributor.authorJamasb, Toorajen_GB
dc.contributor.authorPollitt, Michael G.en_GB
dc.date.accessioned2004-06-16T16:04:47Z
dc.date.available2004-06-16T16:04:47Z
dc.date.created2001-01en_GB
dc.date.issued2004-06-16T16:04:47Z
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/280
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/280
dc.description.abstractSince the early 1980's, many countries have implemented electricity sector reform, many of which have bundled generation, transmission, distribution and supply activities, and have introduced competition in generation and supply. An increasing number of countries are also adopting incentive regulation to promote efficiency improvement in the natural monopoly activities - transmission and distribution. Incentive regulation almost invariably involves benchmarking or comparison of actual vs. some reference performance. This paper reviews the main approaches to incentive regulation and discusses various benchmarking methods. We also present the finding of a survey of the use of benchmarking methods in the OECD and few other countries. Our survey finds a variety of methods used by the electricity regulators although with a notable preference for the non-parametric methods. We then draw conclusions based on the finding of the survey highlighting the main outstanding issues and lessons for best practice implementation of benchmarking in electricity regulation.en_GB
dc.format.extent204151 bytes
dc.format.mimetypeapplication/pdfen_GB
dc.format.mimetypeapplication/pdf
dc.language.isoen_GB
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subject.classificationClassification-JEL: L43, L51, L94en_GB
dc.subject.otherelectricity, benchmarking, incentive regulation, data envelopment analysis, stochastic frontier analysisen_GB
dc.titleBenchmarking and Regulation of Electricity Transmission and Distribution Utilities: Lessons from International Experienceen_GB
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5398


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