Electricity | Contribution to book
The British reference model
05 April 2018
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.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Working Paper
In this paper, we discuss the implementation of Capacity Remuneration Mechanisms (CRM) in the European Union (EU). We first illustrate that the costs of CRMs in the EU are significantly [...]
Other
Additionality is a key requirement for the renewables based electricity to be used by electrolysers to produce renewable hydrogen. Additionality could be defined as the requirement that renewables-based electricity used [...]
Working Paper
China has always upheld multilateralism and has advocated the use of multilateral mechanisms to jointly address global climate change issues. This paper discusses what China does and why, and how [...]
Working Paper
Interoperability in the context of smart electricity metering is high on the European policy agenda but its essence has been challenging to capture. In this paper, we look at experiences [...]
Other
Around 75% of European cargo transport operations in terms of ton-kilometers are performed by trucks, which, in turn, entail massive environmental and societal impacts. Prior to the COVID-19 pandemic, road [...]
Other
Green LNG is a newly emerging trend in the natural gas industry which has been incentivised by the decarbonisation process. This new line of thinking encourages LNG suppliers to offset [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top