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Efficiency Analysis of Energy Networks: An International Survey of Regulators

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  • Aoife Brophy Haney

    (ESRC Electricity Policy Research Group and Faculty of Economics, University of Cambridge)

  • Michael G. Pollitt

    (ESRC Electricity Policy Research Group and Judge Business School, University of Cambridge)

Abstract

Incentive regulation for networks has been an important part of the reform agenda in a number of countries. As part of this regulatory process, incentives are put in place to improve the cost efficiency of network companies by rewarding good performance relative to a predefined benchmark. The techniques used to establish benchmarks are central to the efficiency improvements that are ultimately achieved. Much experience has been gained internationally in the application of benchmarking techniques and we now have a solid understanding of the main indicators of best practice. These include the use of frontier-based methods; a large and high quality dataset; panel data; and bootstrapping techniques. What we are lacking is a more complete understanding of the factors that influence choice of methods by regulators, i.e. characteristics that may encourage or discourage regulators to adopt best practice methods.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Aoife Brophy Haney & Michael G. Pollitt, 2009. "Efficiency Analysis of Energy Networks: An International Survey of Regulators," Working Papers EPRG 0915, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg0915
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