Benjamin Mandel

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 …

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Designing Performance Incentives to Advance New York State’s Policy Agenda

In this Guarini Center policy brief, Energy Law & Policy Fellow Benjamin Mandel examines how the New York State Public Service Commission (PSC) can implement an expanded set of performance incentives for electric utilities to realize its ambitious policy objectives. The brief outlines the steps regulators must address in order to design an effective performance …

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Toward Policy-Responsive Performance-Based Regulation in New York

This policy brief 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. It recommends that the PSC adopt “Integrated PBR,” by both broadening the range of policy incentives for utilities and benchmarking base revenue allowances, in order to cost-effectively address REV’s ambitious …

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

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 comprehensive information in the US about …

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Public Comments on Net Metering to the New York Public Service Commission

Guarini Center fellows Jonathan Schrag and Benjamin Mandel submitted comments to the New York State Public Service Commission (PSC) in response to petitions to increase the limits on net metering in utility service territories. Schrag and Mandel argue that the net metering cap should be raised as little as would be feasible until the completion …

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

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 govern utility regulation …

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Performance-Based Regulation to Improve Upstream Energy Efficiency

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. Author: Benjamin Mandel Published in: The Electricity …

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