Risk Assessment of Regulatory Business Under New Regulatory Relationship: A Case Study of Power Grid Enterprises

Abstract

As the power system reforms continue to deepen, the power grid enterprises (PGEs) are facing new regulatory relationships, followed by more and more regulatory risks (RRs) under the new situation. In this context, studying the regulatory risks faced by the regulatory business can help PGEs correctly recognize the internal and external risks and put forward countermeasures. A comprehensive RRs evaluation model for the PGEs is conducted in this paper based on the Bayesian best-worst method and matterelement extension model. Based on the risk assessment results, power grid enterprises can identify the key risk points. Meanwhile, power grid enterprises can strengthen their internal control, propose risk management measures, and further enhance the awareness and ability of risk prevention in the business operation.