The Impact of Regulation on Utilities’ Investments: A Survey and New Evidence from the Energy Industry

Abrardi, Laura; Cambini, Carlo; Rondi, Laura

doi:10.1007/s10645-017-9310-y

Cited by 3 publications

(2 citation statements)

References 36 publications

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“…The utilities seem to undertake investments that improve their efficiency in a given price control period. Abrardi et al (2018) report a similar study as in Cambini and Rondi (2010) with longer data (1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013) from a number of European, Latin American, Middle Eastern and North African countries, excluding UK utilities. They find that firms, under incentive regulation, tend to invest more than those under ROR regulation.…”

Section: X-factors Wacc and Investmentsmentioning

confidence: 84%

Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2

Jamasb¹

2021

EEEP

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The regulatory and operating context of energy networks is dynamic and constantly evolving. Achieving a multitude of economic, environmental, social and policy objectives is a challenging task for the sector regulators. In 2010, the UK energy regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue-Incentive-Innovation-Output (RIIO-1) model. This paper reviews the incentive areas that influence the performance of the next version of the model (RIIO-2). Guided by the principals of regulatory economics and evidence in the literature, we discuss key aspects of the regulation model that be revised by the regulator. The lessons of experience from the RIIO models are also relevant for regulators in other countries and can inform their design of incentive regulation of energy networks.

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Section: X-factors Wacc and Investmentsmentioning

confidence: 84%

Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2

Jamasb¹

2021

EEEP

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“…Regulations are often the product of scandal and demonstrate an understandable desire to safeguard a growing and vulnerable aging population (Banerjee and Armstrong, 2015). Often, regulatory frameworks are portrayed as a means of protecting the vulnerable, ensuring public confidence (Cornes et al , 2007), reinforcing elements valued by the community (Selznick, 1985) or as a way to promote market efficiency or deliver social welfare (Abrardi et al , 2018). Critics, such as Power (1999), suggest that the focus on audit and evaluation is driven by political agendas and may, in face, serve to get in the way of operational improvements the result of which might be a “regulatory state” (Wright, 2009) rather than significant improvement in standards.…”

Section: Role Of the Regulatormentioning

confidence: 99%

Understanding good leadership in the context of English care home inspection reports

Mongan

Thomas

2021

LHS

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Purpose As part of their inspection of care homes in England, the statutory inspector (the Care Quality Commission [CQC]) makes a judgement on the quality of the home’s leadership. Their view is critical as it is intended to inform consumer choice and because the statutory nature of inspection means these views hold considerable authority. The purpose of this paper is to look at the content of a selection of reports and seek to determine what the CQC understands by the concept of “good leadership”. Design/methodology/approach A purposive sample of recent CQC inspection reports was selected and subjected to a qualitative content analysis. Inspections are structured around five main questions. The resulting themes describe areas of focus within the section of reports that feature the question “Are they well-led?”. Findings Inspection reports were found to focus on four main themes: safety and quality of care; day-to-day management of staff; governance and training in the home; and integration and partnership working. In the discussion section, the authors reflect on these themes and suggest that the CQC’s view of leadership is rather limited. In particular, while an emphasis is placed within the literature and policy on the importance of leadership in delivering change and quality improvement, little attention is paid to this within the leadership section of inspection reports. Research limitations/implications The authors’ research is based on a small-scale sample of inspection reports; nevertheless, it suggests a number of avenues for further research into the way in which leadership and management capabilities are developed and monitored in the sector. Originality/value The analysis in this report offers a view of how the inspection regime implements its own guidance and how it assesses leadership. The reports, as public-facing documents, are artefacts of the inspection regime and critical not just as evidence of the practice of inspection but as influence on care home operations and the choices of care home residents and their families.

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Common risk factors for Latin American electric utilities

Bedoya-Cadavid,

Lanzas-Duque,

Salazar

2025

Utilities Policy

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The Impact of Regulation on Utilities’ Investments: A Survey and New Evidence from the Energy Industry

Cited by 3 publications

References 36 publications

Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2

Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2

Understanding good leadership in the context of English care home inspection reports

Common risk factors for Latin American electric utilities

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