Tag Archives: Regulation
2015_Mandel_The merits of an integrated approach to PBR_Page_01

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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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 […]

EDF

EDF Energy Exchange: “New York Draws Lessons on Utility Regulation from Across the Pond”

As New York scales up its “Reforming the Energy Vision (REV)” activities, the Environmental Defense Fund (EDF) has published a new Energy Exchange blog on lessons New York energy regulators can take from their British counterparts, who have introduced the RIIO model in recent years. EDF’s blog cites the recent Guarini Center roundtable discussion on this […]

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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 […]