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DOI10.1016/j.enpol.2021.112595
German efficiency gone wrong: Unintended incentives arising from the gas TSOs’ benchmarking
Waidelich P.; Haug T.; Wieshammer L.
发表日期2022
ISSN0301-4215
卷号160
英文摘要The German regulatory framework for gas transmission system operators features a regular efficiency benchmarking that aims to identify inefficient cost components and reduces the allowed revenues accordingly. Using a broad range of data envelopment analysis simulations based on the regulator's data and methodology, this paper identifies problems and potential side effects arising from the efficiency benchmarking. We find that the benchmarking results are highly sensitive to the selection of relevant cost drivers and hence may not reflect true efficiency for all network operators. In its current form, the benchmarking creates incentives to game the system and to favour physical network expansion over optimising network usage, which is undesirable given the uncertain demand outlook for gas networks. In addition, companies can face disincentives to forego specific types of expansion projects, which increases misallocation risks. As a remedy, we suggest to account for misspecification risks and reduce the scope for gaming behaviour when defining and selecting cost driver variables. In addition, network usage should be reflected in benchmarking specifications and regulator-approved network expansions that reduce the efficiency score due to properties of the underlying statistical method could be exempted from the benchmarking procedure. © 2021 Elsevier Ltd
英文关键词Data envelopment analysis; Efficiency benchmarking; Gas transmission; Incentive regulation; Network regulation
语种英语
scopus关键词Cost reduction; Data envelopment analysis; Efficiency; Transmissions; Cost drivers; Efficiency benchmarking; Gas transmission; Gas transmission systems; Incentive regulations; Network expansion; Network regulation; Network usage; Regulatory frameworks; Transmission system operators; Benchmarking; benchmarking; data envelopment analysis; energy efficiency; gas production; incentive; regulatory framework; Germany
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/256444
作者单位Climate Finance and Policy Group, ETH Zürich, Clausiusstrasse 37, Zürich, 8092, Switzerland; NERA Economic Consulting, Unter den Linden 14, Berlin, 10117, Germany
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GB/T 7714
Waidelich P.,Haug T.,Wieshammer L.. German efficiency gone wrong: Unintended incentives arising from the gas TSOs’ benchmarking[J],2022,160.
APA Waidelich P.,Haug T.,&Wieshammer L..(2022).German efficiency gone wrong: Unintended incentives arising from the gas TSOs’ benchmarking.Energy Policy,160.
MLA Waidelich P.,et al."German efficiency gone wrong: Unintended incentives arising from the gas TSOs’ benchmarking".Energy Policy 160(2022).
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