Benchmark regulation and efficiency of electricity distribution: strengths and weaknesses
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Date
2007
Journal Title
Journal ISSN
Volume Title
Publisher
IEEE
Abstract
A growing challenge in the restructuring of the electrical sector, where competition is introduced in the generation area, is to achieve equivalent efficiencies in the electrical distribution service, an activity that develops in a monopolistic environment. Chile has had an experience of over 20 years of applying benchmark price regulation to its distribution companies. This summary discusses the strengths and weaknesses of the Chilean benchmark scheme .
Description
Keywords
Investments, Costs, Monopoly, Power generation, Electricity supply industry, Power distribution, Medium voltage, Power supplies, Contracts, Privatization