Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.06.027 |
Incentivizing timely investments in electrical grids: Analysis of the amendment of the German distribution grid regulation | |
Nolting, Lars1; Schuller, Vanessa2; Gaumnitz, Felix2; Praktiknjo, Aaron1 | |
2019-09-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 132页码:754-763 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | The lack of appropriate regulatory frameworks is a main barrier for the expansion of distribution grids. Therefore, we ask whether the amendment of German incentive regulation ordinance will reduce agency costs between distribution system operators and the regulatory authority. To answer this question, we elaborate a theoretical framework based on regarding literature in the fields of (1) principal agency theory and (2) German grid regulation. We then apply this framework to changes in German incentive regulation for distribution grid operators: first, we statistically proof the existence of incentives to shift investments in time under the old German grid regulation; second, we derive that these misleading incentives are erased by its amendment; third, we quantitatively assess the expected effects on distribution grid operators' investment behavior; and fourth, we conclude that the amendment leads to a diminished dead weight loss. Our results offer a quantitative basis for ongoing political discussions on appropriate regulation schemes. Based on our results, we can draw the conclusions that (1) the amendment of German grid regulation is an appropriate measure to reduce misleading incentives for distribution grid operators and (2) still a dead weight loss exists and other regulation schemes such as Yardstick competition should be considered. |
英文关键词 | Grid regulation Incentive-based regulation Principal agent theory Distribution system operator |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000483425800070 |
WOS关键词 | EXPANSION ; BARRIERS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/186551 |
专题 | 气候变化 |
作者单位 | 1.Rhein Westfal TH Aachen, EON Energy Res Ctr, Inst Future Energy Consumer Needs & Behav FCN, Mathieustr 10, D-52074 Aachen, Germany; 2.Rhein Westfal TH Aachen, Templergraben 55, D-52062 Aachen, Germany |
推荐引用方式 GB/T 7714 | Nolting, Lars,Schuller, Vanessa,Gaumnitz, Felix,et al. Incentivizing timely investments in electrical grids: Analysis of the amendment of the German distribution grid regulation[J]. ENERGY POLICY,2019,132:754-763. |
APA | Nolting, Lars,Schuller, Vanessa,Gaumnitz, Felix,&Praktiknjo, Aaron.(2019).Incentivizing timely investments in electrical grids: Analysis of the amendment of the German distribution grid regulation.ENERGY POLICY,132,754-763. |
MLA | Nolting, Lars,et al."Incentivizing timely investments in electrical grids: Analysis of the amendment of the German distribution grid regulation".ENERGY POLICY 132(2019):754-763. |
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