The Merits of an ‘Integrated’ Approach to Performance-Based Regulation

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.

Published in: The Electricity Journal (2015)

Author: Benjamin Mandel

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