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Resetting Price Controls For Privatized Utilities
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Book Synopsis Resetting Price Controls for Privatized Utilities by : Richard Green
Download or read book Resetting Price Controls for Privatized Utilities written by Richard Green and published by World Bank Publications. This book was released on 1999 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: QUOTEThe aim of regulation is to protect consumers, while ensuring that the company remains viable and has an incentive to operate efficiently.QUOTEIn many developing countries private companies are replacing government agencies as owners and operators of infrastructure services. Governments must now develop new skills in economic regulation of these private providers to protect consumer interests, while also ensuring that the companies remain economically and financially sound and have incentives to operate efficiently. This manual provides new economic regulators with practical guidance on how to proceed in this fairly technical new field.Chapters cover: · Revising Price Controls · Procedures for Resetting a Price Control · Present Value Calculations · Investment and the Regulatory Asset Base · The Rate of Return · The Philosophy of Price Controls · The Form of a Price Control · Operating Costs · Revenues
Book Synopsis Regulatory Economics and Quantitative Methods by : Omar O. Chisari
Download or read book Regulatory Economics and Quantitative Methods written by Omar O. Chisari and published by Edward Elgar Publishing. This book was released on 2007-03-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory Economics and Quantitative Methods comprises original contributions by leading researchers working on issues relating to regulation in Latin America. They focus on regulation in infrastructure industries and attempt to show how quantitative analysis can contribute to more effective regulation. In particular, they discuss central issues relating to the measures used for benchmarking natural monopolies, incentives and contractual arrangements used in the regulatory environment and the impact of regulation and regulatory processes.
Book Synopsis Utility Regulation by : Richard Green
Download or read book Utility Regulation written by Richard Green and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The United Kingdom has pioneered the use of price control regulation. The periodic review of these controls lies at the core of the mechanism, and the UK experience shows that this review is complex and time-consuming and can be controversial. Based on the UK experience the author proposes a sequence of tasks that regulators in other countries could use when revising price controls. He argues that regulators should start to reset controls at least two years before new controls are due to come into effect. Much information will be required, and it will all have to be checked and processed before the regulator can propose new controls. In addition, most regulatory systems include an appeals mechanism to protect companies against overly zealous regulators, so regulators must make their proposals early enough to allow for a possible appeal. These considerations imply that regulators should make their proposals at least nine months before new controls are due to take effect, to allow six months for an appeal and time to implement the eventual decision.
Book Synopsis Legal Frameworks for Transparency in Water Utilities Regulation by : Mohamad Mova Al'Afghani
Download or read book Legal Frameworks for Transparency in Water Utilities Regulation written by Mohamad Mova Al'Afghani and published by Routledge. This book was released on 2016-08-12 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparency in the regulation of water utilities is essential in order to ensure quality and fairness. This book explores and compares different regulatory arrangements in the water utilities sectors in three jurisdictions to determine which regulatory and ownership model is most transparent and why. The three jurisdictions considered are England (UK), Victoria (Australia) and Jakarta (Indonesia). Following an introduction to the importance of transparency in water utilities regulation, the book provides an overview of the three chosen jurisdictions and their legal and institutional frameworks. Through a comparison of these the author explores the contested and difficult terrain of "privatization", as (often) opposed to public ownership, in which it is shown that the relationships between transparency and ownership models are not as clear-cut as might be assumed. Chapters consider various aspects and outcomes of the regulatory process and the role of transparency, including topics such as regulators' internal governance mechanisms, utilities corporate governance, licensing and information flow, freedom of information and transparency in tariffs and pricing, as well as customer service. The book concludes with a summary of lessons learned to inform the refinement of transparency in utilities regulation.
Book Synopsis The Regulation of Investment in Utilities by : Ian Alexander
Download or read book The Regulation of Investment in Utilities written by Ian Alexander and published by World Bank Publications. This book was released on 2005 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Drawing on a worldwide series of case studies from across the regulated sectors, this paper illustrates the various approaches to regulating investment and some of the practical implementation problems that are faced. This allows some tentative suggestions for the design of practical investment regimes to be developed, depending upon the circumstances of the situation in hand."--Jacket.
Book Synopsis Has Price Cap Regulation of U.K. Utilities Been a Success? by : Richard Green
Download or read book Has Price Cap Regulation of U.K. Utilities Been a Success? written by Richard Green and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Price controls -- typically reviewed every five years in the United Kingdom -- have been controversial. The author traces the development of U.K. price controls and explains that the initial controls for electricity and water companies, based on underestimates of the companies' scope for reducing costs, turned out to be overly generous, allowing them high profits. While some analysts have suggested annual profit-sharing regulation, the practical problem is that annual profit-sharing would place a heavy information burden on firms and regulators and would weaken companies' incentives to lower costs. Although the utilities are still unpopular in the United Kingdom, most experts would be willing to defend the periodic price control system as one that gives companies an incentive to cut costs and return the gains to consumers after a short time. The high profits of the early 1990s were due largely to unanticipated, one-time productivity gains following privatization that are unlikely to be repeated. The established method for resetting price controls makes further "mistakes" unlikely.
Author :Subhes C. Bhattacharyya Publisher :Springer Science & Business Media ISBN 13 :0857292684 Total Pages :723 pages Book Rating :4.8/5 (572 download)
Book Synopsis Energy Economics by : Subhes C. Bhattacharyya
Download or read book Energy Economics written by Subhes C. Bhattacharyya and published by Springer Science & Business Media. This book was released on 2011-02-28 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its modest beginning in the 1970s, the academic and research focus on energy has grown substantially and energy has established itself as an independent, interdisciplinary subject area. It attracts attention from people in a range of different fields including engineers, scientists, geologists, environmentalists, bankers, investors, policy makers and politicians. Energy Economics introduces the basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues. Energy Economics is organised into six parts that give the reader a thorough grounding in various key aspects of the subject: basic demand-related concepts and ideas used in energy economics; supply-side economics; energy markets, with specific emphasis on oil, gas and coal; the application of simple economic principles in analysing contemporary energy issues; environmental aspects of energy use; and regulatory and governance issues. Energy Economics is an easily accessible reference book for students of energy economics at the postgraduate level, as well as for a wider interdisciplinary audience. It provides readers with the skills required to understand and analyse complex energy issues from an economic perspective.
Book Synopsis Privatization and Regulation of Transport Infrastructure by : Antonio Estache
Download or read book Privatization and Regulation of Transport Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 2000-01-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.
Author :Ignacio J. Pérez-Arriaga Publisher :Springer Science & Business Media ISBN 13 :1447150341 Total Pages :735 pages Book Rating :4.4/5 (471 download)
Book Synopsis Regulation of the Power Sector by : Ignacio J. Pérez-Arriaga
Download or read book Regulation of the Power Sector written by Ignacio J. Pérez-Arriaga and published by Springer Science & Business Media. This book was released on 2014-02-26 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.
Book Synopsis Approaches to Private Participation in Water Services by : PPIAF.
Download or read book Approaches to Private Participation in Water Services written by PPIAF. and published by World Bank Publications. This book was released on 2006 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This informative toolkit provides options for the design of policies to facilitate the delivery of good quality water and sanitation services to the poor. It highlights the need for tariffs, investment, stakeholder consultation, and regulatory policies to address the affordability and sustainability of those services.
Book Synopsis A Primer on Efficiency Measurement for Utilities and Transport Regulators by : Tim Coelli
Download or read book A Primer on Efficiency Measurement for Utilities and Transport Regulators written by Tim Coelli and published by World Bank Publications. This book was released on 2003 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Options and guidelines for measuring the efficiency of recently privatized utilities (electricity, gas, water, sewerage, telecommunications, airports, ports, rail).
Book Synopsis Public Private Partnerships in the Water Sector by : Cledan Mandri-Perrott
Download or read book Public Private Partnerships in the Water Sector written by Cledan Mandri-Perrott and published by IWA Publishing. This book was released on 2013-07-31 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public sector funding and resources are often inadequate to meet increasing demands for investment and effective management, and a growing case history shows increasing involvement by the private sector in provision of infrastructure and services through PPP arrangements. The objective of this book is to determine, and make recommendations on, means of optimizing the use of Public Private Partnerships (PPP) in development of infrastructure whilst ensuring the sustainable long term provision of water and waste water services. The focus is on providing detailed recommendations on contractual issues and contract structures to achieve this objective. Public Private Partnerships in the Water Sector - Innovation and Financial Sustainability: Identifies what is needed to establish effective and sustainable water and wastewater service reform when using a PPP arrangement, and importantly how those issues can be addressed contractually. Provides specific recommendations of a comprehensive and detailed approach to contract drafting to ensure effective, sustainable and long term provision of water and wastewater services, including an approach for adaptation of public procurement procedures for PPP arrangements. Recommends a proposed approach to dealing with the influence of imperfect or unavailable data on the long term effectiveness or sustainability. This is a practical and pragmatic book in which the authors share their considerable experience on devising and implementing PPPs in the water sector. It is aimed primarily at practitioners working with developing countries but its recommendations will also be suitable for application in developed countries. It is also a useful reference for postgraduates and academics studying infrastructure development. See also: Public and Private Participation in the Water and Wastewater Sector - Developing Sustainable Legal Mechanisms, Cledan Mandri-Perrott, 2009 Private Sector Participation in Water Infrastructure, Organisation for Economic Co-Operation and Development (OECD), 2009.
Book Synopsis Accounting for Infrastructure Regulation by : Martin Rodriguez Pardina
Download or read book Accounting for Infrastructure Regulation written by Martin Rodriguez Pardina and published by World Bank Publications. This book was released on 2008 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).
Book Synopsis The British Electricity Experiment by : John Surrey
Download or read book The British Electricity Experiment written by John Surrey and published by Earthscan. This book was released on 1996 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991 energy in the UK underwent a unique and fundamental transformation, with the privatisation of the electricity supply industry. This is the first book to fully assess the experiment. It first explains how - and why - the British electricity supply industry was privatised. It then identifies the subsequent changes in electricity prices, profits, employment, investment, nuclear power and renewables, and the extent to which each of these was due solely to privatisation or to other factors, or could have been achieved by reform of the previous model, rather than privatisation. Finally, the book analyses the key unresolved issues of regulation, introducing competition into the domestic energy market in 1998, supply security, and other long-term strategic considerations. Throughout, it distinguishes between the uniquely British elements of the experience and those which can be drawn upon by other countries embarking upon similar reforms. Today, governments throughout the world are looking to the UK's experience as a potential prototype for the restructure of their own electricity supply industries. For them, and for electricity utilities, fuel and power plant suppliers, regulation authorities, financial analysts, international agencies, journalists and academics alike, this thorough and pragmatic study will be essential reading.
Book Synopsis Privatized Utilities by : Francesc Trillas
Download or read book Privatized Utilities written by Francesc Trillas and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Leadership and Innovation in Subnational Government by : Tim Campbell
Download or read book Leadership and Innovation in Subnational Government written by Tim Campbell and published by World Bank Publications. This book was released on 2004-01-01 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the various innovative projects on-going in Latin America, where fledging and developing local government policies are being introduced for reforming and improving services for the local communities whom they serve. The emergence of decentralised democracies in this region of the world offers may new challenges, that are dependent on building communities open to enterprise and innovation. Among such innovations are popular participation, service delivery, privatization and personnel management. Case studies of such developments are documented in this publication. For outside agencies and countries providing donor finance to this region, a greater awareness is required of the local policies that are being implemented. The World Bank recommends a process of participation in public choice, and a fostering of greater co-operation at a local level.
Book Synopsis Subnational Data Requirements for Fiscal Decentralization by : Serdar Yilmaz
Download or read book Subnational Data Requirements for Fiscal Decentralization written by Serdar Yilmaz and published by World Bank Publications. This book was released on 2003-01-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication has been produced as part of a capacity building programme to strengthen the ability of national statistical systems to collect subnational demographic, socio economic and fiscal data. This is important in the design of public policy options, particularly as subnational governments in the transition economies of Central and Eastern Europe become responsible for the delivery of local services. This publication contains case studies from five countries in Central and Eastern Europe that are at different stages of fiscal decentralisation (covering Bulgaria, Romania, the Slovak Republic, Slovenia, and Ukraine).