Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2021-04-01 DOI:10.5547/2160-5890.10.2.TJAM

T. Jamasb

引用次数: 3

Abstract

The regulatory and operating context of energy networks is dynamic and constantly evolving. Achieving a multitude of economic, environmental, social and policy objectives is a challenging task for the sector regulators. In 2010, the UK energy regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue-Incentive-Innovation-Output (RIIO-1) model. This paper reviews the incentive areas that influence the performance of the next version of the model (RIIO-2). Guided by the principals of regulatory economics and evidence in the literature, we discuss key aspects of the regulation model that be revised by the regulator. The lessons of experience from the RIIO models are also relevant for regulators in other countries and can inform their design of incentive regulation of energy networks.

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英国电力和天然气网络的激励监管：从RIIO-1到RIIO-2

能源网络的监管和运营环境是动态的，并且不断演变。实现众多的经济、环境、社会和政策目标对行业监管机构来说是一项具有挑战性的任务。2010年，英国能源监管机构Ofgem用收入激励创新产出（RIIO-1）模式取代了其能源网络价格控制和激励监管方法。本文回顾了影响下一版本模型（RIIO-2）性能的激励领域。在监管经济学原理和文献证据的指导下，我们讨论了监管机构需要修订的监管模型的关键方面。RIIO模型的经验教训也与其他国家的监管机构相关，可以为他们设计能源网络的激励监管提供信息。

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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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.