Performance-Based Regulation: A View from the Other Side of the Pond
โ Scribed by Matthew Bell
- Book ID
- 104373799
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 152 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
โฆ Synopsis
A View from the Other Side of the Pond
In contrast to the U.S., some European countries have undertaken detailed performance-based regulation (PBR) for electric utilities over the past decade or soรlong enough to provide convincing evidence that substantial efยฎciency gains are possible. But the evidence also suggests that the application of price caps needs to be integrated with other incentive mechanisms, such as robust benchmarking techniques and yardstick competition.
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