Performance-Based Ratemaking: Opportunities and Risks in a Competitive Electricity Industry
Client:
- N/A
Performance-based ratemaking is increasingly being considered an alternative to traditional regulation within a more competitive electricity industry. If designed well, PBR can provide better financial incentives than exist today. In “Performance-Based Ratemaking: Opportunities and Risks in a Competitive Electricity Industry,” published in The Electricity Journal, Tim Woolf and Julie Michals discuss how regulators should carefully design PBR mechanisms that incorporate long-term public policy objectives as well as short-term profit incentives. Access the article here: http://www.sciencedirect.com/science/article/pii/1040619095900187.
Status:
Article published October 1995.Related Publication(s):
