Tag Archives: Benjamin Mandel
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The Merits of an ‘Integrated’ Approach to Performance-Based Regulation, 28 Electr. J. 8 (2015)

Author: Benjamin Mandel The composition of utility revenues under performance-based regulation depends on the approach used to set base revenue allowances and the magnitude of financial performance incentives. For the most policy-responsive regime, regulators should pursue ‘integrated PBR’ by both broadening the set of performance incentives they offer and embracing benchmarking for base revenue allowances. This article, based on an […]

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Toward Policy-Responsive Performance-Based Regulation in New York

Author: Benjamin Mandel In a Guarini Center policy brief, Energy Law & Policy Fellow Benjamin Mandel presents and evaluates options for performance-based regulation (PBR) approaches that the New York State Public Service Commission (PSC) can adopt in its REV proceeding. Mandel recommends that the PSC adopt “Integrated PBR,” by both broadening the range of policy incentives […]

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Reforming Electricity Regulation in New York State: Lessons from the United Kingdom

Authors: Danielle Spiegel-Feld and Benjamin Mandel In the order instituting New York’s “Reforming the Energy Vision (REV)” proceeding, the Public Service Commission indicated that the United Kingdom’s novel approach to network regulation known as “RIIO” could serve as a model for reforms in New York State. However, in light of a dearth of up-to-date and […]

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A Primer on Utility Regulation in the United Kingdom: Origins, Aims, and Mechanics of the RIIO Model

Author: Benjamin Mandel In advance of a roundtable discussion on the UK’s RIIO (“Revenue = Incentives + Innovation + Outputs”) model for sustainable utility regulation, to be convened by the Guarini Center on November 18, 2014, the Center has prepared an issue brief to orient an American audience with the basic structures and mechanisms that […]

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Performance-Based Regulation to Improve Upstream Energy Efficiency, 27 Electr. J. 20 (2014)

Author: Benjamin Mandel Traditional utility regulation provides inadequate incentives for electric utilities to invest in technologies that reduce network energy losses. This article examines how alternative regulatory designs influence such investments, and simulates the procurement and performance of distribution transformers under differing regulatory scenarios, to demonstrate the enormous potential benefits of a performance-based regulation scheme that targets network losses. This article is featured […]