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International Benchmarking and Yardstick Regulation: An Application to European Electricity Utilities

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Author Info
Jamasb, T.
Pollitt, M.

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Abstract

Due to a shortage of data and increased international mergers, national energy regulators are looking to international benchmarking analyses for help in setting price controls within incentive regulation. We present an international benchmarking study of 63 regional electricity distribution utilities in 6 European countries that aims to illustrate the methodological and data issues encountered in the use of international benchmarking for utility regulation. The study examines the effect of the choice of benchmarking methods using DAE, COLS and SFA models. We discuss what problems of international benchmarking are highlighted by the study and how they can be overcome.

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Publisher Info
Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0115.

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Length: 26
Date of creation: Nov 2001
Date of revision:
Handle: RePEc:cam:camdae:0115

Note: This version was updated June 2002. IO
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Web page: http://www.econ.cam.ac.uk/index.htm

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Related research
Keywords: benchmarking incentive regulation data envelopment analysis corrected ordinary least squares stochastic frontier analysis

Find related papers by JEL classification:
L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Jamasb, T. & Pollitt, M., 2000. "Benchmarking and regulation: international electricity experience," Utilities Policy, Elsevier, vol. 9(3), pages 107-130, September. [Downloadable!] (restricted)
  2. Richmond, J, 1974. "Estimating the Efficiency of Production," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(2), pages 515-21, June. [Downloadable!] (restricted)
  3. Tim Coelli & Sergio Perelman, 2000. "Efficiency measurement, multiple-output technologiess and distance functions : with application to European Railways," CREPP Working Papers 9605, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège. [Downloadable!]
  4. Coelli, Tim & Perelman, Sergio, 1999. "A comparison of parametric and non-parametric distance functions: With application to European railways," European Journal of Operational Research, Elsevier, vol. 117(2), pages 326-339, September. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Christian Growitsch & Heike Wetzel, 2006. "Economies of Scope in European Railways: An Efficiency Analysis," IWH Discussion Papers 5-06, Halle Institute for Economic Research. [Downloadable!]
  2. Jamasb, Tooraj & Newbery, David & Pollitt, Michael, 2005. "Core indicators for determinants and performance of the electricity sector in developing countries," Policy Research Working Paper Series 3599, The World Bank. [Downloadable!]
  3. Giannakis, D. & T. Jamasb & Pollitt, M.G., 2004. "Benchmarking and incentive regulation of quality of service: an application to the UK electricity distribution utilities," Cambridge Working Papers in Economics 0408, Faculty of Economics, University of Cambridge. [Downloadable!]
  4. Toru Hattori & Jamasb, T. & Pollitt, M.G., 2002. "Relative Performance of UK and Japanese Electricity Distribution Systems 1985-1998: Lessons for Incentive Regulation," Cambridge Working Papers in Economics 0212, Faculty of Economics, University of Cambridge. [Downloadable!]
  5. Luciana Macedo, 2004. "Regulation, competition and ownership in electricity distribution companies: the effects on efficiency," City University Economics Discussion Papers 04/09, Department of Economics, City University, London. [Downloadable!]
  6. Jamasb, T. & Newbery, D. & Pollitt, M., 2004. "'Core Indicators for Determinants and Performance of Electricity Sector in Developing Countries’," Cambridge Working Papers in Economics 0438, Faculty of Economics, University of Cambridge. [Downloadable!]
  7. Christian Growitsch & Jamasb, T. & Pollitt, M., 2005. "Quality of Service, Efficiency and Scale in Network Industries: An analysis of European electricity distribution," Cambridge Working Papers in Economics 0538, Faculty of Economics, University of Cambridge. [Downloadable!]
    Other versions:
  8. Jamasb, T. & Nillesen, P. & Pollitt, M., 2003. "Strategic Behaviour under Regulation Benchmarking," Cambridge Working Papers in Economics 0312, Faculty of Economics, University of Cambridge. [Downloadable!]
  9. Christian von Hirschhausen & Astrid Cullmann & Andreas Kappeler, 2006. "Efficiency analysis of German electricity distribution utilities -- non-parametric and parametric tests," Applied Economics, Taylor and Francis Journals, vol. 38(21), pages 2553-2566, December. [Downloadable!] (restricted)
  10. Mota, R.L., 2004. "‘Comparing Brazil and USA electricity performance; what was the impact of privatisation?’," Cambridge Working Papers in Economics 0423, Faculty of Economics, University of Cambridge. [Downloadable!]
  11. Tooraj Jamasb & Michael Pollitt, 2005. "Electricity Market Reform in the European Union - Review of Progress toward Liberalization & Integration," Working Papers 0503, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
  12. Astrid Cullmann & Jürgen Apfelbeck & Christian von Hirschhausen, 2006. "Efficiency Analysis of East European Electricity Distribution in Transition : Legacy of the Past?," Discussion Papers of DIW Berlin 553, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    Other versions:
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