engleski

Efficient regulation – precondition for electricity market development

A well-defined energy policy is a precondition for the successful development of any country. The European Union set the general objectives of national regulatory authorities. National regulatory authorities fulfill significant tasks in the Member States with respect to the creation of a fully operational internal market in electricity. Social regulation, Rate-of- return and RPI-X regulation are described in the paper. Special attention is paid to the mathematical basis of the RPI-X regulation and the weighted average cost of capital, which regulatory authorities use to ensure that returns are equal to the opportunity cost of capital.

electricity market ; energy policy ; regulation ; weighted average cost of capital

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