Since the 1990s Britain has been a pioneer in the application of incentive regulation to its electricity network companies. Under the headline of RPI-X regulation, the British regulator has pragmatically implemented a theoretical model that rests on many simplifying assumptions. Difficulties have soon emerged, in particular in terms of service quality and innovation. Based on the experience gained in the field, the British regulator has adjusted his tools and adopted new schemes. However, dissatisfied with the disparity of instruments and anxious about the challenges posed by the transition to a low-carbon economy, in 2009 the regulator launched a major reconsideration of RPI-X, coming out with a new framework, the so-called RIIO. While painted as a revolution, it rather constitutes an evolution of the previous framework and builds on the idea that regulation has to provide companies with strong incentives to focus on the needs of network users and to promote long-term innovation.
On 19th March 2020, the European Commission adopted a Temporary Framework for State Aid measures, which is based on Article 107(3)(b)TFEU and complements other possibilities available to Member States to [...]
In 2020, the Florence School of Regulation (FSR) published a comprehensive study peer reviewing major analyses in the area of energy decarbonisation with the aim of giving a coherent interpretation [...]
This report was prepared to inform the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU Emissions Trading System, and the regulatory authorities for [...]
EU gas and electricity prices have increased rapidly over the last few months and reached unprecedented levels. While the recent energy price dynamics reflect current market conditions and have little [...]