Reform, Not Revolution, is What is Needed Now for Yardstick Competition

Pietro Crocioni, Mateo Silos Ribas
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Abstract

Yardstick competition as a tool to set the prices of regional natural monopolies is now an established tool. After 30 years of application to the water industry in England and Wales, this article takes a critical look at how yardstick competition has been implemented in the latest Price Review 2019 (PR19). It proposes reforms to ensure that in the next Price Review 2024 (PR24) and/or beyond the efficiency challenges are appropriately set and the degree of information at the regulator’s disposal is maximised.
现在需要的是改革,而非革命,以衡量标准进行竞争
作为确定地区性自然垄断价格的一种工具,尺度竞争现已成为一种成熟的手段。在英格兰和威尔士的水行业应用 30 年后,本文对最新的 2019 年价格审查(PR19)中如何实施尺度竞争进行了批判性审视。文章提出了改革建议,以确保在下一次 2024 年价格审查(PR24)和/或以后的价格审查中适当设定效率挑战,并最大限度地扩大监管机构掌握的信息量。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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