The regulation of distribution system operator is changing from the traditional approach to performance-based regulation (PBR). In this study a novel PBR approach is proposed for the regulation of a distribution company with consideration for asset management time scopes. In this regard a comprehensive separated regulation mechanism is presented so that the total expenditure for asset management is categorised into two: capital expenditure (Capex) and operational expenditure (Opex). A separate Capex and Opex regulation is proposed for electric distribution company regulation. A new reward and penalty scheme is proposed to efficiently regulate the quality of the network at a desirable level. The proposed methods are applied on the Iranian electricity distribution company.

No abstract

No abstract

No abstract