By Elena Fumagalli, Luca Schiavo, Florence Delestre
Service caliber legislation in electrical energy Distribution and Retail presents a consultant for regulatory professionals and postgraduate scholars alike, accompanying readers in the course of the beneficial steps for designing and imposing regulatory coverage. It builds a bridge among the theoretical facets of provider caliber law and country-specific utilized mechanisms. The booklet bargains examples as supplied by way of regulatory gurus (including a few rarely to be had within the English language), and indicates top practices as elaborated by means of a couple of foreign regulatory organisations.
The e-book is a accomplished, transparent, well-organized description of utilized caliber rules within the electrical energy area because it is, this day. complex readers also will delight in its survey of the main cutting edge regulatory mechanisms presently being hired (and
tested) in ecu nations, in addition to those who were proposed within the literature.
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Additional resources for Service Quality Regulation in Electricity Distribution and Retail
These communications can be made by letter, or by means of hand-outs and posters at customer care centres, or they can be posted on the relevant website, and so forth. 2 Examples The best way to illustrate the issues presented in the previous sections is to look at practical examples. Two of the examples presented here are taken from the UK and the Hungarian commercial quality regulations. The UK regulation is a good example of a country in which distribution and retail activities have been legally unbundled.
Therefore, companies should also be informed about the form and means of publication of the reported data. If possible, the regulator should conduct audits on the information registered and reported by companies. Audits should focus on the correctness of the measures and on the compliance with the rules for registration and reporting (see Chapter 6). If audits are carried out, the regulator should indicate when (within a given time-frame) the companies concerned can expect the appointed auditors to undertake an audit.
If the comprehensive performance standard is 78% for the year 2006, a measured, comprehensive performance of 80% will mean a reward of twice the incentive rate. The incentive scheme is capped. The maximum penalty is 1% of the company’s allowed revenue (for the relevant year). 25% of the company’s allowed revenue. Rewards thus have a lower cap than penalties. 13 summarizes this information for the year 2006. 5 Advanced topics The opening up of electricity markets to full retail competition challenges the traditional approach to commercial quality regulation.