Regulation of an Electric Power Transmission Company

Designing regulatory contracts for the operators of power transmission networks has become a critical policy issue in the United States. In this paper, a regulatory contract is proposed that induces network operators to optimally expand the grid, which is crucial for the emergence of efficient whole...

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Bibliographic Details
Published in:The Energy journal (Cambridge, Mass.) Mass.), 2000-10, Vol.21 (4), p.61-92
Main Author: Leautier, Thomas-Olivier
Format: Article
Language:English
Subjects:
Business structures
Economic regulation
Electric power
Electric power transmission
Electric utilities
Electrical impedance
Electricity distribution
Industrial regulation
Laws, regulations and rules
Marginal costs
Marginal value
Power lines
Power marketers
Power transmission
Public utilities
Regulation
Studies
Transmission lines
Transmission loss
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Summary:Designing regulatory contracts for the operators of power transmission networks has become a critical policy issue in the United States. In this paper, a regulatory contract is proposed that induces network operators to optimally expand the grid, which is crucial for the emergence of efficient wholesale power markets, while also satisfying the other traditional regulatory objectives. The proposed mechanism is readily implementable, since it builds on a contract currently in place in England and Wales.
ISSN:0195-6574
1944-9089
DOI:10.5547/ISSN0195-6574-EJ-Vol21-No4-3