Incentive Regulation in the Electric Utility Industry PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Incentive Regulation in the Electric Utility Industry PDF full book. Access full book title Incentive Regulation in the Electric Utility Industry by . Download full books in PDF and EPUB format.
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 262
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 262
Get Book
Book Description
Author: Dennis Goins
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book
Book Description
Author:
Publisher:
ISBN:
Category : Incentives in industry
Languages : en
Pages : 52
Get Book
Book Description
Author: Kurt A. Strasser
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
Get Book
Book Description
This book proposes a new approach to the government regulation of utilities. Arguing that traditional command-and-control regulation does not encourage efficient performance, Strasser and Kohler advocate the use of an incentive-based regulatory system and offer a practical, realistic strategy for the successful implementation of such plans within the context of utility regulation. The analysis is supported by a comprehensive survey of the relevant legal materials, an overview of the literature on organization theory and institutional economics, and a survey of the latest thinking on how incentives can most effectively be paid. Strasser and Kohler begin by identifying problems associated with current regulatory techniques, demonstrating that disincentives are often built into the regulatory system. When that system has tried incentives, the authors show they have been applied in an ad hoc manner, further exacerbating the problem. In presenting the case for incentive-based regulation, the authors review the history of comprehensive incentive plans, look at what organization theory can teach us about using incentives as a regulatory strategy, and explore the effective use of incentive compensation by nonregulated companies. Strasser and Kohler then develop a strategy for implementing incentive plans in regulated utilities, showing that, in order to work, the plans must include the installation of clearly defined bonuses and penalties, specific standards of performance, the payment of bonuses to managers rather than shareholders, and reliable and complete measures of company performance. Policymakers, economists, public utility regulators, and attorneys involved in the complex arena of utility regulation will find Regulating Utilities with Management Incentives indispensable reading.
Author: Michael A. Crew
Publisher: Springer Science & Business Media
ISBN: 1461527821
Category : Business & Economics
Languages : en
Pages : 222
Get Book
Book Description
This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.
Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619
Get Book
Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author: Gregory B. Enholm
Publisher: Public Utilities Reports
ISBN:
Category : Business & Economics
Languages : en
Pages : 516
Get Book
Book Description
Learn from this collection of thought-provoking commentary on change and electric regulatory reform from executives, state regulators, and federal commissioners in the regulatory community. Plus, perspectives from other players -- the utilities governed by these regulators, the financial community (rating agencies), independent power producers, and public power.
Author: John E. Kwoka Jr.
Publisher: Springer Science & Business Media
ISBN: 0585229651
Category : Business & Economics
Languages : en
Pages : 200
Get Book
Book Description
Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.
Author: Lorrin Philipson
Publisher: CRC Press
ISBN: 9780824719203
Category : Technology & Engineering
Languages : en
Pages : 392
Get Book
Book Description
This volume provides a thorough review of the past, present and future of the wholesale and retail electic power industry. It includes tutorial chapters on electric utility function and structure, electricity and power, the uses of electric power, and more. The authors provide a simple but complete discussion of de-regulation and explain the structure of the de-regulated electric power industry, including the competitive wholesale and retail levels, the retail energy services sector, and more.
Author: Carl Pechman
Publisher: Springer Science & Business Media
ISBN: 1461532582
Category : Business & Economics
Languages : en
Pages : 234
Get Book
Book Description
Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a "safe and adequate" manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a "fair rate of return on invested capital. " From its inception through the late 1970s, the electric utility industry's opera tional paradigm was to continue marketing electricity to customers and to build power plants to meet customer needs. This growth was facilitated by a U. S. energy policy predicated upon the assumption that sustained electric growth was causally linked to social welfare (Lovins, 1977). The electric utility industry is now in transition from a vertically integrated monopoly to a more competitive market. Of the three primary components (generation, transmission, and distribution) of the traditional vertically integrated monopoly, generation is leading this transformation. The desired outcome is a more efficient market for the provision of electric service, ultimately resulting in lower costs to customers. This book focuses on impediments to this transformation. In partiCUlar, it argues that information control is a form of market power that inhibits the evolution of the market. The analysis is presented within the context of the transformation of the U. S.
