NDLI: Competition and the Reform of Incentive Schemes in the Regulated Electricity Sector

Content Provider	IEEE Xplore Digital Library
Author	Wang Xian-jia Zhang Xiao-hui Li Zhong-chi
Copyright Year	2007
Description	Author affiliation: Inst. of Syst. Eng., Wuhan Univ., Wuhan (Wang Xian-jia)
Abstract	Through applying performance based yardstick competition, regulator can obtain signals that have correlation with the transmission and distribution Enterprises' cost style. Using these signals, regulator is able to improve the scheme of incentive regulation. In order to analyze the effect of the improved regulation scheme on incentive level, a model is built. We consider the regulation problem with complete contracting in a principal-agent model with adverse selection and review within this model the channel by which external competition parameters affect incentives within the regulated enterprise. The conclusion of the model shows that effect of improved scheme isn't always positive. If the correlation between signal and cost style is strong enough, the new scheme of regulation can increase the lever of incentive to enterprises; if not, may decrease. An intuitionistic example confirms this conclusion. So, when regulator wants to use signals to reform the scheme of regulation, she must ensure the strong correlation between signal and cost style rather than cause negative incentive.
Starting Page	5004
Ending Page	5007
File Size	108426
Page Count	4
File Format	PDF
ISBN	9781424413119
DOI	10.1109/WICOM.2007.1226
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-09-21
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Performance evaluation Costs Regulators Bioreactors Government Power generation economics Systems engineering and theory Monopoly Power generation Incentive schemes
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
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3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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