PWP-068 Does Incentive Regulation Provide the Correct Incentives?: Stochastic Frontier Evidence from the US Electricity Industry

Does Incentive Regulation Provide the Correct Incentives ? : Stochastic Frontier Evidence from the US Electricity Industry

Alternative Regulatory Methods and Firm Efficiency: Stochastic Frontier Evidence from the U.s. Electricity Industry

The use of incentive regulation and other alternative regulatory programs in U.S. electricity markets has grown during the past two decades. Within a stochastic frontier framework, I investigate the effect of individual programs on the technical efŽ ciency of a large set of coal and natural gas generation units. I Ž nd that those programs tied directly to generator performance and those that mo...

Alternative Regulatory Methods and Firm Efficiency: Stochastic Frontiier Evidence from the U.s. Electricity Industry

The use of incentive regulation and other alternative regulatory programs in U.S. electricity markets has grown during the past two decades. Within a stochastic frontier framework, I investigate the effect of individual programs on the technical efficiency of a large set of coal and natural gas generation units. I find that those programs tied directly to generator performance and those that mo...

Persistent and transient productive inefficiency in a regulated industry: electricity distribution in New Zealand Persistent and transient productive inefficiency in a regulated industry: electricity distribution in New Zealand

The productive efficiency of a firm can be decomposed into two parts, one persistent and one transient. So far, most of the cost efficiency studies estimated frontier models that provide either the transient or the persistent part of productive efficiency. This distinction seems to be appealing also for regulators. During the last decades, public utilities such as water and electricity have wit...

Economic Regulation Design for the Electricity Distribution Companies of Iran

In addition to the necessity of liberalizing the price of the various sectors of electricity, the regulation of sectors that still maintain their own monopoly structure is mandatory. In order to improve the efficiency of these sectors and encourage their cost reduction, incentive-based regulatory approaches are used which rely on performance evaluation. Due to the monopolistic structure of Iran...