{"title":"The rise and decline of the X factor in performance-based electricity regulation","authors":"Jeff D. Makholm","doi":"10.1016/j.tej.2018.10.008","DOIUrl":null,"url":null,"abstract":"<div><p>‘RPI minus <em>X</em><span>’ incentive regulation—a 1990s UK import—never resonated beyond a handful of states and provinces for controlling regulated electric utility prices. As the North American electricity distribution industry continues to evolve toward a platform for facilitating a more decentralized and carbon-free energy supply, RPI minus </span><em>X</em> will face increasing difficulties in dealing objectively with the sharply rising investment costs represented by that new role.</p></div>","PeriodicalId":35642,"journal":{"name":"Electricity Journal","volume":"31 9","pages":"Pages 38-43"},"PeriodicalIF":2.2000,"publicationDate":"2018-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.tej.2018.10.008","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Electricity Journal","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1040619018302525","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2018/11/20 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 3
Abstract
‘RPI minus X’ incentive regulation—a 1990s UK import—never resonated beyond a handful of states and provinces for controlling regulated electric utility prices. As the North American electricity distribution industry continues to evolve toward a platform for facilitating a more decentralized and carbon-free energy supply, RPI minus X will face increasing difficulties in dealing objectively with the sharply rising investment costs represented by that new role.
Electricity JournalBusiness, Management and Accounting-Business and International Management
CiteScore
5.80
自引率
0.00%
发文量
95
审稿时长
31 days
期刊介绍：
The Electricity Journal is the leading journal in electric power policy. The journal deals primarily with fuel diversity and the energy mix needed for optimal energy market performance, and therefore covers the full spectrum of energy, from coal, nuclear, natural gas and oil, to renewable energy sources including hydro, solar, geothermal and wind power. Recently, the journal has been publishing in emerging areas including energy storage, microgrid strategies, dynamic pricing, cyber security, climate change, cap and trade, distributed generation, net metering, transmission and generation market dynamics. The Electricity Journal aims to bring together the most thoughtful and influential thinkers globally from across industry, practitioners, government, policymakers and academia. The Editorial Advisory Board is comprised of electric industry thought leaders who have served as regulators, consultants, litigators, and market advocates. Their collective experience helps ensure that the most relevant and thought-provoking issues are presented to our readers, and helps navigate the emerging shape and design of the electricity/energy industry.
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