Download or read book Next generation Performance Based Regulation written by David Littell and published by . This book was released on 2018 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report ... focuses on best practices for design, development, and implementation of performance-based regulation mechanisms. It begins by laying the groundwork for understanding the incentives inherent in institutional arrangements, especially utility composition and ownership structure. It then builds on that understanding to outline best practices for the development and design of successful performance-based regulation (PBR) mechanisms."
Download or read book Next generation Performance Based Regulation written by David Littell and published by . This book was released on 2017 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines some leading examples of PBR [performance based regulation]: the United Kingdom's RIIO initiatives, which focus on outcomes and customer satisfaction; New York's REV initiative, which seeks to better integrate and harness markets for distributed resources with utility operations and create a new paradigm for utility coordination of distribution level investments with distributed resources; Denmark's success with benchmarking PBRs to improve distribution system reliability; Mexico's PBR program to reduce distribution and transmission system losses; and South Africa's benchmarking PBR to set a cost of coal. It also looks at what we have learned from experience with multi-year rate plans and early forms of PBR, particularly for energy efficiency. Among the lessons learned: Predictability and incrementalism matter for utilities to succeed with PBR. Implementing PBRs without financial incentives builds experience. Focusing on metrics with clear measurement methods is valuable and more likely to result in success. PBR incentives should be sized in alignment with desired results. And an appropriate range for PBR impact can be based on traditional cost of service financial limits.
Download or read book Next Generation Performance Based Regulation Volume 1 Introduction Global Lessons for Success Volume 2 Primer Essential Elements of Design and Implementation Volume 3 Innovative Examples from Around the World written by and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance-based regulations (PBRs) provide a regulatory framework to connect goals, targets, and measures to utility performance or executive compensation. Well-designed PBRs provide incentives for utility performance, benefiting consumers and utility owners alike. This report considers the role of both PBRs and more discrete performance incentive mechanisms (PIMs) in 21st century power sector transformation. Innovative technologies are transforming the way electricity is generated, delivered, and consumed. PBRs have the potential to realign utility, investor, and consumer incentives and mitigate emerging challenges to the utility business model, renewable integration, and even cyber security.The goals of PBRs in the form of multi-year rate plans are in many respects the same in terms of providing reasonably priced and reliable service to customers. However, today's technologies have changed, and there is more emphasis on clean energy. Thus, the pathways and the potential outcomes are different than they were in the 20th century when centralized generator stations and large infrastructure additions dominated the utility landscape. Given unprecedented changes underway in the electricity sector, PBRs - by specifying expectations of utility performance and outcomes for consumers, while staying agnostic to the exact means of delivery - constitute a form of prescient regulation that harnesses disruption. PBRs are one tool in a broader toolbox in the transition toward flexible regulatory and market structures that rewards utilities that adapt or evolve in reaction to market and technology change. PBRs and PIMs have great value for the electric industry when designed well and can be applied to many different situations. How exactly PBR mechanisms are most effectively enacted will vary based on the utility ownership model, institutional arrangements, and a variety of other local factors. PBRs should be tailored to the needs and goals of each jurisdiction, and perhaps each utility, to most effectively achieve the needs of a 21st century power grid in that jurisdiction. Presented in three volumes, this report highlights the lessons learned from their evolving history, explores essential elements of their design and implementation as well as considerations for how they may be best applied, and examines leading examples of PBRs from the United Kingdom, New York, Denmark, Mexico, and South Africa. The full report, 'Next-Generation Performance Based Regulation - Emphasizing Utility Performance to Unleash Power Sector Innovation,' published in September 2017, can be accessed at https://www.nrel.gov/docs/fy17osti/68512.pdf.
Download or read book Performance based Regulation in a High Distributed Energy Resources Future written by Mark Newton Lowry and published by . This book was released on 2016 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Performance-based regulation (PBR) of utilities has emerged as an important ratemaking option in the last 25 years. It has been implemented in numerous jurisdictions across the United States and is common in many other advanced industrialized countries. PBR’s appeal lies chiefly in its ability to strengthen utility performance incentives relative to traditional cost-of-service regulation (COSR). Some forms of PBR can streamline regulation and provide utilities with greater operating flexibility. Ideally, the benefits of better performance are shared by the utility and its customers. The shortcomings of traditional COSR in providing electric utilities with incentives that are aligned with certain regulatory goals are becoming increasingly clear. In particular, COSR can provide strong incentives to increase electricity sales and utility rate base. Further, some parties express concern that traditional COSR does not provide utilities with appropriate financial incentives to address evolving industry challenges such as changing customer demands for electricity services, increased levels of distributed energy resources (DERs), and growing pressure to mitigate carbon dioxide emissions. In addition, attention to potential new regulatory models to support the 'utility of the future' has renewed interest in PBR. This report describes key elements of PBR and explains some of the advantages and disadvantages of various PBR options. We present pertinent issues from the perspectives of utilities and customers. In practice, these different perspectives are not diametrically opposed. Nonetheless, this framework is useful for illustrating how various aspects of PBR may be viewed by those key groups. Regulators have a unique perspective, in that they must balance consumer, utility, and other interests with the goal of achieving a result that is in the overall public interest"--Executive summary.
Download or read book Next Generation Compliance written by Cynthia Giles and published by Oxford University Press. This book was released on 2022 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nearly everyone accepts as gospel two assumptions: compliance with environmental rules is high, and enforcement is responsible for making compliance happen. Both are wrong. In fact, serious violations of environmental regulations are widespread, and by far the most important driver of compliance results is not enforcement but the structure of the rule itself. In Next Generation Compliance, Cynthia Giles shows that well-designed regulations deploying creative strategies to make compliance the default can achieve excellent implementation outcomes. Poorly designed rules that create many opportunities to evade, obfuscate, or ignore will have dismal performance that no amount of enforcement will ever fix. Rampant violations have real consequences: unhealthy air, polluted water, contaminated drinking water, exposure to dangerous chemicals, and unrestrained climate-forcing pollution. They also land hardest on already overburdened communities - that's why Next Gen and environmental justice are tightly linked. The good news is there are tools to build much better compliance into regulations, including many tested strategies that can be the building blocks of programs that withstand the inevitable pressures of real life. Next Generation Compliance shows how regulators can avoid the compliance calamities that plague far too many environmental rules today, a lesson that is particularly urgent for regulations tackling climate change. It has an optimistic message: there are ways to ensure reliable results, if regulators jettison incorrect assumptions and design rules that are resilient to the mess and complexity of the real world.
Download or read book Leaders and Laggards written by Neil Gunningham and published by Routledge. This book was released on 2017-09-08 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consensus is growing internationally that traditional command-and-control approaches to environmental regulation have borne much of their low-hanging fruit. Yet it is far from clear what should complement or replace them. Regulatory agencies and policy-makers are struggling with a lack of information about regulatory reform, about what works and what doesn't, and about how best to harness the resources of both government and non-government stakeholders. Progress is being impeded unnecessarily by a lack of shared knowledge of how similar agencies elsewhere are meeting similar challenges and by a lack of data on the success or otherwise of existing initiatives. Despite recent and valuable attempts to deal with such problems in the European Union and North America, these remain islands of wisdom in a sea of ignorance. For example, when it comes to dealing with small and medium-sized enterprises, very little is known, and what is known is not effectively distilled and disseminated. Much the same could be said about the roles of third parties, commercial and non-commercial, as surrogate regulators, and more broadly of many current initiatives to reconfigure the regulatory state. Based on the authors' work for the OECD, Victorian Environmental Protection Authority and the Western Australian Department of Environment Protection, Leaders and Laggards addresses these problems by identifying innovative regulatory best practice internationally in a number of specific contexts, evaluating empirically the effectiveness of regulatory reform and providing policy prescriptions that would better enable agencies to fulfil their regulatory missions. Focusing primarily on the differing requirements for both corporations and small and medium-sized enterprises in North America and Europe, the book aims to complement existing initiatives and to expand knowledge of regulatory reform by showing: how existing experience can best be put to practical use "on the ground"; by drawing lessons from experiments in innovative regulation internationally; by reporting and extrapolating on original case studies; and by advancing understanding on which instruments and strategies are likely to be of most value and why. The authors argue that the development of theory has outstripped its application. In essence, Leaders and Laggards aims to ground a myriad of theory on the reinvention of environmental regulation into practice. The book will be essential reading for environmental policy-makers, regulatory and other government officials responsible for policy design and implementation, academics and postgraduate students in environmental management, environmental law and environmental policy, and a more general readership within environmental policy and management studies. It will also be of interest to those in industry, such as environmental managers and corporate strategists, who are considering the use of more innovative environmental and regulatory strategies, and to environmental NGOs.
Download or read book Seismic Design Methodologies for the Next Generation of Codes written by P. Fajfar and published by Routledge. This book was released on 2019-09-10 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: These proceedings, arising from an international workshop, present research results and ideas on issues of importance to seismic risk reduction and the development of future seismic codes.
Download or read book Guidelines for Probabilistic Performance Based Seismic Design and Assessment of Slope Engineering written by Yu Huang and published by Springer Nature. This book was released on 2023-03-16 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a new design and evaluation framework based on slope Stochastic Dynamics theory to probabilistic seismic performance for slope engineering. For the seismic dynamic stability safety of slope, it shifts from deterministic seismic dynamic analysis to quantitative analysis based on nonlinear stochastic dynamics, that is, from qualitative to the description of stochasticity of earthquake excitation that meet the needs in related design specification and establish a performance standard. In the nonlinear dynamic time history analysis of slope subjected to seismic ground motion, the term “randomness” is used to express the uncertainty in the intensity and frequency of earthquake excitation for slope engineering dynamic seismic performance. It mainly includes seismic design fortification standard, corresponding ground motion excitation, performance index threshold, and slope deterministic nonlinear seismic dynamic response. Even more than that, the seismic dynamic large deformation approaches of the whole process and comprehensive analysis for flow analysis after slope instability failure. Eventually, the probabilistic seismic dynamic performance of the slope engineering will be characterized by nonlinear dynamic reliability.
Download or read book Smart Power Anniversary Edition written by Peter Fox-Penner and published by Island Press. This book was released on 2014-09-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few industries in the U.S. are as stuck in the past as our utilities are. In the face of growing challenges from climate change and the need for energy security, a system and a business model that each took more than a century to evolve must now be extensively retooled in the span of a few decades. Despite the need, many of the technologies and institutions needed are still being designed or tested. It is like rebuilding our entire airplane fleet, along with our runways and air traffic control system, while the planes are all up in the air filled with passengers. In this accessible and insightful book, Peter Fox-Penner considers how utilities interact with customers and how the Smart Grid could revolutionize their relationship. Turning to the supply side, he considers the costs of, and tradeoffs between, large-scale power sources such as coal plants and small-scale power sources close to customers. Finally, he looks at how utilities can respond to all of these challenges and remain viable, while financing hundreds of billions of dollars of investment without much of an increase in sales. Upon publication, Smart Power was praised as an instant classic on the future of energy utilities. This Anniversary Edition includes up-to-date assessments of the industry by such leading energy experts as Daniel Estes and Jim Rogers, as well as a new afterword from the author. Anyone who is interested in our energy future will appreciate the clear explanations and the in-depth analysis it offers.
Download or read book Sustainable Electricity II written by Jessica Fox and published by Springer. This book was released on 2018-10-22 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Realities of power company choices, regulatory boundaries, and stakeholder approvals. Expectations of the responsible investor, environmental advocate, and Silicon Valley companies including Google, Facebook, and Stanford University. Surprising stories show how creativity, innovation, and planning can resolve some of the toughest choices facing electric power companies today, although not in all cases. Building on the first volume, Sustainable Electricity: Case Studies from Electric Power Companies in North America (Fox, 2016. Springer), this book dives headfirst into the economic, environmental, and social tradeoffs power companies face as they strive to be sustainable. With more than 40 contributing experts, chapters include first-hand power company stories, case studies of leading Silicon Valley organizations; socially responsible investor contemplations; environmental advocacy arguments; and regulatory realities. The book provides a window into the choices companies make, the tradeoffs stakeholders accept, and the bottom line that comes with producing sustainable electricity. It will be an important resource that will accelerate collective thoughts on what ‘sustainable electricity’ means and what needs to be considered when the “everyone wins” outcome is elusive. “People have been able to fish, hike, camp and boat on a beautiful AEP property that supports recreational activities for many years. Now AEP has to generate income from this property. Do we build roads and drill to extract the natural gas? Do we sell the timber and keep the property? Do we sell the whole thing? What about the fish, deer and other wildlife? Tradeoffs will be made, and not everyone will like them.” Tim W. Lohner, Ph.D., Environmental Specialist, American Electric Power. (Chapter 3) “Companies are demanding access to clean energy and investors are pressing companies to source 100% renewable. It is essential that utilities develop a comprehensive strategy to reduce climate impact, and clearly articulate the plan and their progress. Customers and investors want to see this progress, and utilities need to develop the right model for their particular business.” John Streur, CEO, Calvert Research & Management (Chapter 4) “At Chevron, we are continually examining the tradeoffs as we work to improve our energy efficiency and reduce our environmental footprint. The complexity of our global, shared challenge to electrify the world without undue compromise to the integrity of our planet is one that will require global action. The experiences and perspectives detailed in this book are important to understand as we collectively work towards a sustainable energy future. The one billion plus are counting on us.” Kirsten S. Thorne, Global Issues and Public Policy Manager, Chevron (Forward)
Download or read book Proceedings written by and published by . This book was released on 1996 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward Next Generation Performance Budgeting written by Donald Moynihan and published by World Bank Publications. This book was released on 2016-11-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Toward Next-Generation Performance Budgeting: Lessons from the Experiences of Seven Reforming Countries analyzes the difficulties that national governments have had in linking measurement of performance and results to the annual budget process. The book is based on intensive reviews of four advanced countries that were early reformers and three pioneers in Central and Eastern Europe. In addition to looking at their current systems, Toward Next-Generation Performance Budgeting looks at how their approaches have evolved over time. This book attempts to fill a gap between survey-based self-assessments and best-practice guides. It was compiled in response to the concerns of budget departments in countries in Eastern Europe and Central Asia, many of which are committed to adopting some form of performance-based budgeting and are seeking to learn from the experiences of previous reformers what the practical challenges are and how they can adapt best-practice approaches to a messy reality. The case studies demonstrate a general pattern of disappointment with the results of performance budgeting, balanced by a strong belief in the underlying logic, which has resulted in repeated efforts to modify approaches to tighten the links between budgeting and performance. These efforts have resulted in significant variation in how countries have implemented performance budgeting and in the benefits they have derived. These variations offer guidance for models of next-generation performance budgeting, avoiding classic pitfalls, and incorporating modifications introduced by those who have used it longest and found it useful.
Download or read book Regulation and the Performance of Communication and Information Networks written by Gerald R. Faulhaber and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Due to their economic characteristics and also to their consequences on many aspects of collective life, information networks have always been at the edge of regulatory innovations and at the center of policy debates. The contributors of this volume combine long term visions of the factors determining regulatory policies with up-to-date analyses of technicalities to be dealt with, to provide the reader with an extended understanding of the issues and constraints shaping the future of digital networks.' Eric Brousseau, Université Paris-Dauphine, France and the European University Institute, Italy Digital markets worldwide are in rapid flux. The Internet and World Wide Web have traditionally evolved in a largely deregulated environment, but recently governments have shown great interest in this rapidly developing sector and are imposing regulations for a variety of reasons that are changing the shape of these industries. This book explores why the industrial organization of broadband ISPs, Internet backbone providers and content/application providers are in such turmoil. The expert contributors straddle the turbulent past of the telecoms sector and also contribute to its exciting though unpredictable future via positive analysis of past communications policies, which is then utilized to deduce lessons to guide future policy making decisions. It is illustrated that broadband ISPs no longer simply provide a conduit for service delivery; they are also involved in producing content and transaction services themselves, in competition with content and delivery providers. The blurring of the traditional lines between these three sectors, as each enters into the others' markets, is highlighted. The conclusion is that we are witnessing the emergence of powerful, competing platforms, linked in complex ways that challenge traditional economic analyses. Exploring governance issues, regulation and investment, next-generation service markets and wireless communication, this book will prove a fascinating and illuminating read for scholars, researchers, post-graduate students and policymakers with an interest in ICT, technology and innovation, economics and industrial organization.
Download or read book The Limits of Performance Based Regulation written by Cary Coglianese and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance-based regulation is widely heralded as a superior approach to regulation. Rather than specifying the actions regulated entities must take, performance-based regulation instead requires the attainment of outcomes and gives flexibility in how to meet them. Despite nearly universal acclaim for performance-based regulation, the reasons supporting its use remain largely theoretical and conjectural. Owing in part to a lack of a clear conceptual taxonomy, researchers have yet to produce much empirical research documenting the strengths and weaknesses of performance-based regulation. In this Article, I provide a much-needed conceptual framework for understanding and assessing performance-based regulation. After defining performance-based regulation and distinguishing it from other types of regulation, I also show that this kind of regulation can itself take many forms, depending on the specificity of required outcomes, the proximity of these outcomes to the regulatory goal, the way that performance is determined, the underlying basis for required outcomes, the characteristics of the targeted regulated entities, and the allocation of the burden of proving compliance. Variation along these dimensions can ultimately result in widely varying impacts of different regulations, which means that policy-makers cannot assume that every performance-based regulation will work the same.More importantly, this Article contributes a comprehensive consideration of the dangers of performance-based regulation, illustrating with real-world examples how this form of regulation can work poorly and even create its own problems, especially when performance cannot be adequately defined, measured, or monitored. In highlighting the dangers of performance-based regulation, I do not suggest that it should never be used; instead, I show that regulators must fully take into account the performance of performance-based regulation and not be swayed by intuitive claims suggesting this form of regulation is a panacea. Despite its theoretical advantages, performance-based regulation also possesses limitations which must be considered. Decision makers should carefully scrutinize both performance-based regulation and its alternatives, paying close attention to how each alternative will be enforced and seeking to anticipate unintended consequences.
Download or read book Innovation and the State written by Cristie Ford and published by Cambridge University Press. This book was released on 2017-12-07 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: From social media to mortgage-backed securities, innovation carries both risk and opportunity. Groups of people win, and lose, when innovation changes the ground rules. Looking beyond formal politics, this new book by Cristie Ford argues that we need to recognize innovation, and financial innovation in particular, as a central challenge for regulation. Regulation is at the leading edge of politics and policy in ways that we have not yet fully grasped. Seemingly innocuous regulatory design choices have clear and profound practical ramifications for many of our most cherished social commitments. Innovation is a complex phenomenon that needs to be understood not only in technical terms, but also in human ones. Using financial regulation as her primary example, Ford argues for a fresh approach to regulation, which recognizes innovation for the regulatory challenge that it is, and which binds our cherished social values and our regulatory tools ever more tightly together.
Download or read book Reforming State Owned Enterprises in Asia written by Farhad Taghizadeh-Hesary and published by Springer Nature. This book was released on 2021-02-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.
Download or read book The Construction Industry in the Fourth Industrial Revolution written by Clinton Aigbavboa and published by Springer. This book was released on 2019-08-09 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers papers from the 11th Construction Industry Development Board (cidb) Postgraduate Research Conference, held on 28–30 July 2019 in Johannesburg, South Africa. The conference provided an essential forum for reviewing and generating knowledge on Construction 4.0 and, consequently, highlighted processes and practices that allow us to deliver and operate built environment assets more effectively and efficiently by focusing on physical-to-digital and digital-to-physical transformation. The event addressed three broad themes: Industrial production (prefabrication, 3-D printing and assembly, offsite and advanced manufacturing); Cyber-physical systems (actuators, sensors, IoT, robots and cobots for repetitive and dangerous tasks, and drones for mapping, progress monitoring, safety and quality inspections, lifting, moving and positioning); and Technologies (digital ecosystems, digital platforms, BIM, video and laser scanning, AI and cloud computing, big data and data analytics, reality capture, blockchain, simulation, virtual and augmented reality, data standards and interoperability, and vertical and horizontal integration). Given its scope, the book will be of interest to all construction industry and architectural professionals who want to learn about cutting-edge technologies applied to construction
