Has Price Cap Regulation Of U K Utilities Been A Success
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Has Price Cap Regulation Of U K Utilities Been A Success
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Author : Richard Green
language : en
Publisher:
Release Date : 2012
Has Price Cap Regulation Of U K Utilities Been A Success written by Richard Green and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Price controls -- typically reviewed every five years in the United Kingdom -- have been controversial. The author traces the development of U.K. price controls and explains that the initial controls for electricity and water companies, based on underestimates of the companies' scope for reducing costs, turned out to be overly generous, allowing them high profits. While some analysts have suggested annual profit-sharing regulation, the practical problem is that annual profit-sharing would place a heavy information burden on firms and regulators and would weaken companies' incentives to lower costs. Although the utilities are still unpopular in the United Kingdom, most experts would be willing to defend the periodic price control system as one that gives companies an incentive to cut costs and return the gains to consumers after a short time. The high profits of the early 1990s were due largely to unanticipated, one-time productivity gains following privatization that are unlikely to be repeated. The established method for resetting price controls makes further "mistakes" unlikely.
Incentive Regulation For Public Utilities
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Author : Michael A. Crew
language : en
Publisher: Springer
Release Date : 2012-10-16
Incentive Regulation For Public Utilities written by Michael A. Crew and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-16 with Business & Economics categories.
This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.
Successes And Failures In Regulating And Deregulating Utilities
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Author : Colin Robinson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-01-01
Successes And Failures In Regulating And Deregulating Utilities written by Colin Robinson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.
This book is the latest annual review of utility regulation and deregulation, published in association with the Institute of Economic Affairs and the London Business School
Legal Frameworks For Transparency In Water Utilities Regulation
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Author : Mohamad Mova Al'Afghani
language : en
Publisher: Routledge
Release Date : 2016-08-12
Legal Frameworks For Transparency In Water Utilities Regulation written by Mohamad Mova Al'Afghani and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-12 with Law categories.
Transparency in the regulation of water utilities is essential in order to ensure quality and fairness. This book explores and compares different regulatory arrangements in the water utilities sectors in three jurisdictions to determine which regulatory and ownership model is most transparent and why. The three jurisdictions considered are England (UK), Victoria (Australia) and Jakarta (Indonesia). Following an introduction to the importance of transparency in water utilities regulation, the book provides an overview of the three chosen jurisdictions and their legal and institutional frameworks. Through a comparison of these the author explores the contested and difficult terrain of "privatization", as (often) opposed to public ownership, in which it is shown that the relationships between transparency and ownership models are not as clear-cut as might be assumed. Chapters consider various aspects and outcomes of the regulatory process and the role of transparency, including topics such as regulators' internal governance mechanisms, utilities corporate governance, licensing and information flow, freedom of information and transparency in tariffs and pricing, as well as customer service. The book concludes with a summary of lessons learned to inform the refinement of transparency in utilities regulation.
Managing The Regulatory Process
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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 1999-01-01
Managing The Regulatory Process written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Political Science categories.
'...developing countries, complementing their far-reaching privatization programs, are engaged in deregulating various sectors of their economies and devising new regulatory frameworks for others, particularly the utilities sectors.' As economies become more open, pressures on countries to become more competitive drive the call for regulatory reform to reduce costs and foster increased productivity, competitiveness, and growth. This report provides an overview of the costs and benefits of regulation throughout the world. It provides case histories of regulation in different countries, developed and developing and in various sectors, such as, transportation, utilities, and power. It presents different strategies that were employed. Furthermore, it identifies lessons learned and lays the foundations for a best practice scenario for other countries to adopt. While the challenges to regulatory reform are considerable, so are the efforts that developing countries are making to face them. These lessons, when properly adapted to each country's own environment, can significantly increase the likelihood of effective regulation.
Regulation By Contract
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Author : Tonci Bakovic
language : en
Publisher: World Bank Publications
Release Date : 2003-01-01
Regulation By Contract written by Tonci Bakovic and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.
Governments and investors in many developing countries have criticised the performance of recently privatised electricity distribution companies, particularly in relation to the design of regulatory systems. This report examines whether regulation by contract or a combination of regulation by contract and regulatory independence would provide a better option.
The Citizen S Guide To Climate Success
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Author : Mark Jaccard
language : en
Publisher: Cambridge University Press
Release Date : 2020-02-06
The Citizen S Guide To Climate Success written by Mark Jaccard and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-06 with Business & Economics categories.
Shows readers how we can all help solve the climate crisis by focusing on a few key, achievable actions.
Sale Of Gas Networks By National Grid
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Author : Great Britain: National Audit Office
language : en
Publisher: The Stationery Office
Release Date : 2006-02-10
Sale Of Gas Networks By National Grid written by Great Britain: National Audit Office and has been published by The Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-02-10 with Business & Economics categories.
In June 2005, the National Grid plc sold four of the eight regional gas distribution networks in Britain for £5.8 billion (those covering Scotland, Wales and the north, south and west of England). The Office of Gas and Electricity Markets (Ofgem), the industry regulator, controls the licenses for operation of these networks; and in making its recommendation on their sale, Ofgem's primary statutory responsibility was to protect the interest of consumers. This NAO report finds that Ofgem successfully fulfilled its duty in relation to the sales, and in seeking to maintain a stable regulatory framework and manage future risks. The sales should help encourage price competition and more efficient working practices, and help deliver potential savings to customers. However, the projected benefits to consumers are subject to uncertainty, given that they are forecast over a long time frame. The report makes a number of recommendations designed to highlight lessons learned in relation to: calculating customer benefits; the internal management of projects involving sales and mergers; and protecting the consumer interest in the future.
Effects Of Uk Utility Reform
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Author : Eleni Markou
language : en
Publisher: Institute for Public Policy Research
Release Date : 1997
Effects Of Uk Utility Reform written by Eleni Markou and has been published by Institute for Public Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Privatization categories.
Utility Regulation In Competitive Markets
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Author : Colin Robinson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Utility Regulation In Competitive Markets written by Colin Robinson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Technology & Engineering categories.
Utility Regulation in Competitive Markets is the latest book in the annual series published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy. This significant new volume contains incisive chapters on a number of prominent concerns, including changes in the British system of utility regulation, the spectrum allocation question, liberalization of EU energy markets, security of supply issues, reform in the European postal sector, the future of rail regulation, the cost of capital and Ofcom¿s strategic approach to regulation. Chapters on each topic are followed by comments from regulators, competition authority chairmen and other experts in the relevant fields. By confronting the most important international developments in utility regulation, the authors offer practical policy recommendations for an effective way forward. This book will be of great value to practitioners, policymakers and academics alike who are concerned with regulation, deregulation and policies to promote competition.