气候变化领域集成服务门户(CCPortal): Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids

CCPortal

DOI	10.1016/j.enpol.2020.111276
	Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids
	Avdasheva S.; Orlova Y.
发表日期	2020
ISSN	0301-4215
卷号	138
英文摘要	The transition from a short-term cost-plus tariff regulation to either a long-term rate-of-return or long-term price cap regulation in Russia started in 2009 and was completed in 2012, causing substantial changes in investment over the course of the reform. We estimate panel data of 46 Russian electricity distribution entities with a dynamic investment model using the system generalized method of moments and addressing potential endogeneity issues. We show that, despite the noncredible regulatory policy, the transition from short-to long-term regulation had a positive and significant effect on the investment rate of regulated entities. The specific long-term regulation design applied in Russia from 2008 to 2017 (either rate-of-return or price cap) had no effect on the investment rate. These results are important for the introduction of changes in regulatory frameworks in developing countries. © 2020 Elsevier Ltd
英文关键词	Electricity distribution grids; Incentive regulation; Long-term tariff regulation; Rate-of-return regulation; Reforms; Russia
语种	英语
scopus关键词	Developing countries; Earnings; Electric utilities; Investments; Method of moments; Electricity distribution; Incentive regulations; Rate-of-return regulations; Reforms; Russia; Tariff regulation; Electric power transmission networks; developing world; electricity supply; energy market; investment; reform process; regulatory framework; tariff structure; Russian Federation
来源期刊	Energy policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/124832
作者单位	Department of Applied Economics, National Research University Higher School of Economics, Moscow, Russian Federation
推荐引用方式 GB/T 7714	Avdasheva S.,Orlova Y.. Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids[J],2020,138.
APA	Avdasheva S.,&Orlova Y..(2020).Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids.Energy policy,138.
MLA	Avdasheva S.,et al."Effects of long-term tariff regulation on investments under low credibility of rules: Rate-of-return and price cap in Russian electricity grids".Energy policy 138(2020).