How effective are M and As in distribution? Evaluating the government's policy of using mergers and amalgamations to drive efficiencies into ontario's LDCs

A review of research indicates that few real welfare gains have emerged from the costly effort by the Ontario Government and Regulator to reduce the number of distribution utilities in the province. Significant gains could have been realized without restructuring from improved regulation, with incen...

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Bibliographic Details
Published in:The Electricity journal 2007-04, Vol.20 (3)
Main Authors: Cronin, Frank J., Motluk, Stephen A.
Format: Article
Language:English
Subjects:
EFFICIENCY
ENERGY PLANNING, POLICY AND ECONOMY
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
ONTARIO
ORGANIZATIONAL MODELS
POWER DISTRIBUTION SYSTEMS
REGULATIONS
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Summary:A review of research indicates that few real welfare gains have emerged from the costly effort by the Ontario Government and Regulator to reduce the number of distribution utilities in the province. Significant gains could have been realized without restructuring from improved regulation, with incentives for laggard firms to correct their sub-optimal factor input mix and implement scope-enhancing initiatives. (author)
ISSN:1040-6190
1873-6874
DOI:10.1016/J.TEJ.2007.02.005