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.
This dataset is composed of five indicators which provide information on the economic and environmental performance of sectors covered by the European Union’s Emissions Trading Scheme (EU ETS). The focus [...]
On 21 February 2024 the European Commission Directorate General for Mobility and Transport in cooperation with the Florence School of Regulation hosted an academic conference to explore opportunities and challenges [...]
Rail has a key role to play in making transport more efficient and sustainable in the EU and elsewhere. However, increasing passenger and cargo volumes require investment in infrastructure, and [...]
In this work, we present the major application and impact areas of Contracts-for-Difference (CfDs) in a European context, describe the most relevant design dimensions and discuss several design packages for [...]
After years of record announcements, frantic policy development and the establishment of substantial public support mechanisms, the clean hydrogen sector is nearing an inflexion point. Many clean hydrogen projects have [...]
The safeguarding of critical offshore energy infrastructure has assumed a heightened level of urgency in the wake of the Nord Stream pipeline explosions in September 2022 and the suspected sabotage [...]
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