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In this paper we advocate using the latent class model (LCM) approach to control for technological differences in traditional efficiency analysis of regulated electricity networks. Our proposal relies on the fact that latent class models are designed to cluster firms by uncovering differences in...
Persistent link: https://www.econbiz.de/10011117662
The electricity industry in most developed countries has been restructured over recent decades with the aim of improving both service quality and firms’ performance. Regulated segments (e.g. transmission) still provide the infrastructure for the competitive segments and represent a notable...
Persistent link: https://www.econbiz.de/10010700223
Liberalisation of generation and supply activities in the electricity sectors is often followed by regulatory reform of distribution networks. In order to improve the efficiency of distribution utilities, some regulators have adopted incentive regulation schemes that rely on performance...
Persistent link: https://www.econbiz.de/10005489364
Investment in electricity networks, as regulated natural monopolies, is among the highest regulatory and energy policy priorities. Given the large scale of required investments in the coming years, impelled by the need for decarbonising the electricity sector, identifying investment drivers of...
Persistent link: https://www.econbiz.de/10010729016
Persistent link: https://www.econbiz.de/10005093567
There is a growing concern over our reliance on conventional electricity sources and their long-term environmental, climate change, and security of supply implications, and much hope is vested in the ability of future technological progress to tackle these issues. However, informed academic...
Persistent link: https://www.econbiz.de/10005647368
The world-wide electricity sector reforms have led to a search for alternative and innovative approaches to regulation to promote efficiency improvement in the natural monopoly electricity networks. A number of countries have used incentive regulation models based on efficiency benchmarking of...
Persistent link: https://www.econbiz.de/10005647375
This paper presents a comparative analysis of energy technology learning and progress within the framework of Schumpeter’s invention-innovation-diffusion paradigm. We estimate learning by doing and research rates for a range of energy technologies in four stages of technical progress. Emerging...
Persistent link: https://www.econbiz.de/10005647411
The energy market liberalisation process in Europe is increasingly focused on electricity market integration and related cross border issues. This signals that the liberalisation of national electricity markets is now closer to the long-term objective of a single European energy market. The...
Persistent link: https://www.econbiz.de/10005647417
In order to achieve overall economic efficiency, incentive regulation of electricity distribution utilities must address two important and inter-related issues. First, the utilities’ allowed revenues need to be set at correct levels. Second, the access charging mechanism by which the utilities...
Persistent link: https://www.econbiz.de/10005647483