Handle with care: A primer on incentive regulation

Regulators increasingly rely upon incentive regulation as a substitute or refinement of traditional cost of service regulation. Focusing on incentive regulation in the US utility industry, this article first identifies four desirable attributes for incentive mechanisms. It develops a taxonomy of the...

Full description

Saved in:
Bibliographic Details
Published inEnergy policy Vol. 23; no. 9; pp. 769 - 779
Main Authors Pfeifenberger, Johannes P, Tye, William B
Format Journal Article
LanguageEnglish
Published Oxford Elsevier Ltd 01.09.1995
Elsevier
Elsevier Science Ltd
SeriesEnergy Policy
Subjects
Applied sciences
Energy
Energy economics
Energy policy
Exact sciences and technology
Federal regulation
General, economic and professional studies
Incentive regulation
Incentives
Price cap mechanism
Price control
Pricing
Public services
Public utilities
Public utility economics
Rate setting
Regulated industries
Regulation
Studies
Taxonomy
United States > US
Public utility economics
Price cap mechanism
Incentive regulation
Incentive
Regulation(control)
Energy policy
Electric power industry
Comparative study
Mechanism
Online AccessGet full text

Cover

More Information
Summary:Regulators increasingly rely upon incentive regulation as a substitute or refinement of traditional cost of service regulation. Focusing on incentive regulation in the US utility industry, this article first identifies four desirable attributes for incentive mechanisms. It develops a taxonomy of the types of mechanisms that are available, identifies the issues that arise in the design and evaluation of these mechanisms, and then closes with a discussion of the risks associated with various mechanisms.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0301-4215
1873-6777
DOI:10.1016/0301-4215(95)00067-S