Die Produktivitätsentwicklung in der deutschen Stromwirtschaft in langfristiger Perspektive
In 2009, Germany adopted a new system of regulating energy networks. The German regulatory commission (Bundesnetzagentur) now imposes price caps (RPI-X) on network charges in order to foster competition between power-supply companies. The price formula needed to calculate these price caps includes a so-called X-factor that quantifies expected productivity growth and inflation. Consequently, the meticulous estimation of the future productivity growth is crucial for the functioning of this form of incentive regulation. The German regulatory commission claims to base their estimates on the historical development of productivity growth in the electricity sector as a whole. To reveal the shortcomings of this approach, we show, first, that, in the second half of the 20th century, productivity growth in the German electricity sector was not constant but varied considerably over time, and, second, that productivity growth in the electricity networks was generally lower than in the electricity sector as a whole. Copyright 2009 die Autoren Journal compilation 2009, Verein für Socialpolitik und Blackwell Publishing Ltd.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 10 (2009)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1465-6493|
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1465-6493|
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.:
- Andreas Kuhlmann, 2006. "What is the X-Factor in the German Electricity Industry?," ifo Working Paper Series 34, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Giersch,Herbert & PaquÃ©,Karl-Heinz & Schmieding,Holger, 1994. "The Fading Miracle," Cambridge Books, Cambridge University Press, number 9780521358699, December.
- M.E. Beesley & S.C. Littlechild, 1989. "The Regulation of Privatized Monopolies in the United Kingdom," RAND Journal of Economics, The RAND Corporation, vol. 20(3), pages 454-472, Autumn.
- Jim Malley & Anton Muscatelli & Ulrich Woitek, 1998. "The Interaction Between Business Cycles and Productivity Growth: Evidence from US Industrial Data," Working Papers 9805, Business School - Economics, University of Glasgow, revised Oct 1998.
- Bernstein, Jeffrey I & Sappington, David E M, 1999.
"Setting the X Factor in Price-Cap Regulation Plans,"
Journal of Regulatory Economics,
Springer, vol. 16(1), pages 5-25, July.
- Jeffrey I. Bernstein & David E. M. Sappington, 1998. "Setting the X Factor in Price Cap Regulation Plans," NBER Working Papers 6622, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:bla:perwir:v:10:y:2009:i:3:p:309-332. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.