Design of Incentive Scheme for Reliability Improvement in Electricity Distribution Networks, Ph.D. Dissertation Sharif University of Technology ; Fotuhi Firuzabad, Mahmoud (Supervisor)
Abstract
The regulation is necessary for the electric distribution networks as a natural monopoly. Regulators have been applied the Performance Based Regulation (PBR) for the control of price. The common model of PBR is price cap. Price cap creates sufficient incentive for cost efficiency. However, it decreases the service quality in distribution systems. The aim of this thesis is to design a comprehensive model for improvement of service reliability in the presence of PBR. An incentive model is developed using reward-penalty theory and yardstick theory. Reward-penalty theory is a financial approach that rewards the utility with good reliability and penalizes the utility with poor reliability. The...
Cataloging briefDesign of Incentive Scheme for Reliability Improvement in Electricity Distribution Networks, Ph.D. Dissertation Sharif University of Technology ; Fotuhi Firuzabad, Mahmoud (Supervisor)
Abstract
The regulation is necessary for the electric distribution networks as a natural monopoly. Regulators have been applied the Performance Based Regulation (PBR) for the control of price. The common model of PBR is price cap. Price cap creates sufficient incentive for cost efficiency. However, it decreases the service quality in distribution systems. The aim of this thesis is to design a comprehensive model for improvement of service reliability in the presence of PBR. An incentive model is developed using reward-penalty theory and yardstick theory. Reward-penalty theory is a financial approach that rewards the utility with good reliability and penalizes the utility with poor reliability. The...
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