Incentive Based Regulation in Energy Markets
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چکیده
Quality of service has emerged as an important issue in the regulation of electricity distribution networks. Incentive regulation is supposed to promote cost saving, investment efficiency as well as service quality. Service quality regulation may involve a political aspect that may come into conflict with economic considerations. Although individually tailored service qualities would result in an efficient outcome, it could also expose poorer consumers to socially unacceptable levels of quality. In this area, lack of detailed and accurate data is a common problem.
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