Resetting Price Controls For Privatized Utilities
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Resetting Price Controls For Privatized Utilities
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Author : Richard Green
language : en
Publisher: World Bank Publications
Release Date : 1999
Resetting Price Controls For Privatized Utilities written by Richard Green 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 with Business & Economics categories.
QUOTEThe aim of regulation is to protect consumers, while ensuring that the company remains viable and has an incentive to operate efficiently.QUOTEIn many developing countries private companies are replacing government agencies as owners and operators of infrastructure services. Governments must now develop new skills in economic regulation of these private providers to protect consumer interests, while also ensuring that the companies remain economically and financially sound and have incentives to operate efficiently. This manual provides new economic regulators with practical guidance on how to proceed in this fairly technical new field.Chapters cover: · Revising Price Controls · Procedures for Resetting a Price Control · Present Value Calculations · Investment and the Regulatory Asset Base · The Rate of Return · The Philosophy of Price Controls · The Form of a Price Control · Operating Costs · Revenues
Regulatory Economics And Quantitative Methods
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Author : Omar O. Chisari
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-03-27
Regulatory Economics And Quantitative Methods written by Omar O. Chisari 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 2007-03-27 with Business & Economics categories.
Regulatory Economics and Quantitative Methods comprises original contributions by leading researchers working on issues relating to regulation in Latin America. They focus on regulation in infrastructure industries and attempt to show how quantitative analysis can contribute to more effective regulation. In particular, they discuss central issues relating to the measures used for benchmarking natural monopolies, incentives and contractual arrangements used in the regulatory environment and the impact of regulation and regulatory processes.
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.
Utility Regulation
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Author : Richard Green
language : en
Publisher:
Release Date : 2012
Utility Regulation 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.
The United Kingdom has pioneered the use of price control regulation. The periodic review of these controls lies at the core of the mechanism, and the UK experience shows that this review is complex and time-consuming and can be controversial. Based on the UK experience the author proposes a sequence of tasks that regulators in other countries could use when revising price controls. He argues that regulators should start to reset controls at least two years before new controls are due to come into effect. Much information will be required, and it will all have to be checked and processed before the regulator can propose new controls. In addition, most regulatory systems include an appeals mechanism to protect companies against overly zealous regulators, so regulators must make their proposals early enough to allow for a possible appeal. These considerations imply that regulators should make their proposals at least nine months before new controls are due to take effect, to allow six months for an appeal and time to implement the eventual decision.
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.
The Regulation Of Investment In Utilities
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Author : Ian Alexander
language : en
Publisher: World Bank Publications
Release Date : 2005
The Regulation Of Investment In Utilities written by Ian Alexander 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 2005 with Infrastructure (Economics) categories.
"Drawing on a worldwide series of case studies from across the regulated sectors, this paper illustrates the various approaches to regulating investment and some of the practical implementation problems that are faced. This allows some tentative suggestions for the design of practical investment regimes to be developed, depending upon the circumstances of the situation in hand."--Jacket.
Privatization And Regulation Of Transport Infrastructure
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Author : Antonio Estache
language : en
Publisher: World Bank Publications
Release Date : 2000-01-01
Privatization And Regulation Of Transport Infrastructure written by Antonio Estache 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 2000-01-01 with Business & Economics categories.
The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.
Regulation Of The Power Sector
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Author : Ignacio J. Pérez-Arriaga
language : en
Publisher: Springer Science & Business Media
Release Date : 2014-02-26
Regulation Of The Power Sector written by Ignacio J. Pérez-Arriaga and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-26 with Business & Economics categories.
Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.
Energy Economics
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Author : Subhes C. Bhattacharyya
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-02-28
Energy Economics written by Subhes C. Bhattacharyya and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-28 with Business & Economics categories.
Since its modest beginning in the 1970s, the academic and research focus on energy has grown substantially and energy has established itself as an independent, interdisciplinary subject area. It attracts attention from people in a range of different fields including engineers, scientists, geologists, environmentalists, bankers, investors, policy makers and politicians. Energy Economics introduces the basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues. Energy Economics is organised into six parts that give the reader a thorough grounding in various key aspects of the subject: basic demand-related concepts and ideas used in energy economics; supply-side economics; energy markets, with specific emphasis on oil, gas and coal; the application of simple economic principles in analysing contemporary energy issues; environmental aspects of energy use; and regulatory and governance issues. Energy Economics is an easily accessible reference book for students of energy economics at the postgraduate level, as well as for a wider interdisciplinary audience. It provides readers with the skills required to understand and analyse complex energy issues from an economic perspective.
Approaches To Private Participation In Water Services
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Author : PPIAF.
language : en
Publisher: World Bank Publications
Release Date : 2006
Approaches To Private Participation In Water Services written by PPIAF. 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 2006 with Nature categories.
Annotation This informative toolkit provides options for the design of policies to facilitate the delivery of good quality water and sanitation services to the poor. It highlights the need for tariffs, investment, stakeholder consultation, and regulatory policies to address the affordability and sustainability of those services.