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An Evaluation of Incentive Regulation for Electric Utilities

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  • Berg, Sanford V
  • Jeong, Jinook

Abstract

This empirical study examines the determinants and impacts of incentive regulations introduced by utility commissions in the late 1970s and early 1980s. Rewards for generating plant utilization and low heat rates were found to have been introduced in states whose firms exhibited relatively high managerial slack (or relatively higher costs). However, the empirical results did not find that the introduction of specific cost component incentives improved overall operating cost performance. Copyright 1991 by Kluwer Academic Publishers

Suggested Citation

  • Berg, Sanford V & Jeong, Jinook, 1991. "An Evaluation of Incentive Regulation for Electric Utilities," Journal of Regulatory Economics, Springer, vol. 3(1), pages 45-55, March.
    • Handle: RePEc:kap:regeco:v:3:y:1991:i:1:p:45-55
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    Cited by:

    1. Fumitoshi Mizutani & Eri Nakamura, 2019. "Regulation, public interest, and private interest: an empirical investigation of firms in Japan," Empirical Economics, Springer, vol. 56(4), pages 1433-1454, April.
    2. Anna Ter-Martirosyan & John Kwoka, 2010. "Incentive regulation, service quality, and standards in U.S. electricity distribution," Journal of Regulatory Economics, Springer, vol. 38(3), pages 258-273, December.
    3. Fumitoshi Mizutani & Eri Nakamura, 2016. "Factors Affecting Inefficiency Level: Stochastic Frontier Analysis of Public Utility Firms in Japan," Discussion Papers 2016-02, Kobe University, Graduate School of Business Administration.
    4. Fumitoshi Mizutani & Eri Nakamura, 2017. "How do governance factors affect inefficiency? Stochastic frontier analysis of public utility firms in Japan," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 44(3), pages 267-289, September.
    5. Fumitoshi Mizutani & Eri Nakamura, 2013. "Regulation, Competition, Diversification, Governance and Costs: An Empirical Analysis of Public Utility and Manufacturing Firms in Japan," Discussion Papers 2013-25, Kobe University, Graduate School of Business Administration.
    6. Jayanath Ananda & Nicholas Pawsey & Tahmid Nayeem, 2022. "Customer‐centric regulation: The case of Victorian urban water sector," Regulation & Governance, John Wiley & Sons, vol. 16(2), pages 536-556, April.
    7. Jamasb, T. & Pollitt, M., 2001. "Benchmarking and Regulation of Electricity Transmission and Distribution Utilities: Lessons from International Experience," Cambridge Working Papers in Economics 0101, Faculty of Economics, University of Cambridge.
    8. Fumitoshi Mizutani & Eri Nakamura, 2014. "What Most Affects A Firm' s Costs: Internal or External Factors, or Both?," Discussion Papers 2014-22, Kobe University, Graduate School of Business Administration.
    9. Kim, Dongha & Jeong, Jinook, 2016. "Electricity restructuring, greenhouse gas emissions efficiency and employment reallocation," Energy Policy, Elsevier, vol. 92(C), pages 468-476.
    10. Jamasb, T. & Pollitt, M., 2000. "Benchmarking and regulation: international electricity experience," Utilities Policy, Elsevier, vol. 9(3), pages 107-130, September.
    11. Rodríguez Romero, Luis & Castro Rodríguez, Fidel, 1994. "Aspectos económicos de la configuración del sector eléctrico en España: ¿ Una falsa competencia referencial?," DE - Documentos de Trabajo. Economía. DE 3029, Universidad Carlos III de Madrid. Departamento de Economía.

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