engleski

New Energy Infractructure Regulatory Mechanisms

Energy infrastructure operators are characterized by capital intensity and long periods of return on investment. In order for the price of use of the infrastructure to be within a reasonable frame, the regulatory Framework should define appropriate and efficient methods of economic regulation. Thus, it should cover reasonable and justifiable cost of operations. The goal is to secure uninterrupted supply and quality of service and reasonable return on investment. At the same time regulatory framework also aims at optimization of investment costs where the outcome is a moderate tariff for access and use of infrastructure, which balances interests of owners and users of infrastructure. Given the specific set of goals of a respective regulatory framework, different approaches can be used for approval of operational and capital costs, in terms of amortization policy and duration of a regulatory period. We conclude that the most important are WACC uplifters, earlier reimbursement of project development costs, extension of regulatory periods and investment budgets. Within a wider regulatory framework ex-ante approval of system development plans, open season procedures, tendering, concessions, and exemption from regulation can also be applied as an incentive.

: economic regulation, investment, energy, infrastructure

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