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Performance-based Regulation
Performance-based regulation (PBR) is an approach to utility regulation designed to strengthen utility performance incentives. Thus defined, the term PBR is synonymous with incentive regulation. The two most common forms of PBR are award-penalty mechanisms (“APMs”) and multiyear rate plans (“MRPs”). Both involve mathematical formulas that can lower regulatory cost at the same time that they encourage better performance. This constitutes a remarkable potential advance in the “technology” of regulation. Economic theorists whose work has supported the development of PBR include Nobel prize-winning economist Jean Tirole. Implementation of applicable methods of incentive regulation represents a complex problem for regulatory authorities. Therefore, this problem should be analyzed though different aspects, taking into consideration parameters, such as incentive’s mechanism defined by regulatory authorities, enabling thus the development of regulated activity and increase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Utility
A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods/services that are considered essential; water, gas, electricity, telephone, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. If the infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by ''economies of scale'' in production. There are many different types of public utilities. Some, especially large companies, offer multiple products, such as electricity and natu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal restriction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean Tirole
Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of market power and regulation. Education Tirole received engineering degrees from the École Polytechnique in Paris in 1976, and from the École nationale des ponts et chaussées in 1978. He graduated as a member of the elite Corps of Bridges, Waters and Forests. Tirole pursued graduate studies at the Paris Dauphine University and was awarded a DEA degree in 1976 and a Doctorat de troisième cycle in decision mathematics in 1978. In 1981, he received a Ph.D. in economics from the Massachusetts Institute of Technology for his thesis titled ''Essays in economic theory'', under the supervision of Eric Maskin. Career Tirole is chairman of the board of the Jean-Jacques Laffont Foundat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAIDI
A Ṣa‘īdī (, Coptic: ⲣⲉⲙⲣⲏⲥ ''Remris'') is a person from Upper Egypt (, Coptic: ⲙⲁⲣⲏⲥ ''Maris''). Etymology The word literally means "from Ṣa‘īd" (i.e. Upper Egypt), and can also refer to a form of music originating there, or to the dialect spoken by Sa‘idis. The Arabic word ''Ṣa‘īd'', as a geographical term, means "highland, upland, plateau". The suffix "-i" denotes the adjective. The word ''Ṣa‘īdi'' is pronounced in the dialect itself as or and the plural is or , while pronounced in Egyptian Arabic (Northern Egyptian) as and the plural is . In the Sahidic (Upper Egyptian) dialect of Coptic, the name for a person from Upper Egypt is (pronounced rem/rīs) meaning "person of the South" or (pronounced rem/pma/rīs or rem/ma/rīs) "person of (the) place of the south (i.e. Upper Egypt)". Stereotypes and jokes Ṣa‘īdis and their dialect are the subject of numerous Egyptian stereotypes and ethnic jokes, mainly from the uppe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAIFI
The Muslim Saifi, or sometimes pronounced Barhai are Muslim community, found in North India. They are also known as Saifi which denotes the Muslim sub-caste of blacksmiths and carpenters. A small number are also found in the Terai region of Nepal. The community is also sometimes referred to as Saifi or Tarkhan descendent of Tarkhan Dynasty of Sindh Pakistan.''People of India Uttar Pradesh'', Volume XLII Part One, edited by A Hasan & J C Das, pp. 190-193. Origin The community derive their name from the word ''barhai'', which means carpenter in Hindi. According to their own traditions, they are descended from early Muslim settlers to India. It is however likely, that they are immigrant from the Central Asia.They are also known as Tarkhan. In Uttar Pradesh, the Barhai/ Saifi have two sub-divisions, the Tarkhan and the Multani or immigrants from Multan known as Multani Lohar Each of these two groups in endogamous. They are found mainly in the Doab and Rohilkhand regions, and speak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Demand Management
Energy demand management, also known as demand-side management (DSM) or demand-side response (DSR), is the modification of consumer demand for energy through various methods such as financial incentives and behavioral change through education. Usually, the goal of demand-side management is to encourage the consumer to use less energy during peak hours, or to move the time of energy use to off-peak times such as nighttime and weekends. Peak demand management does not necessarily decrease total energy consumption, but could be expected to reduce the need for investments in networks and/or power plants for meeting peak demands. An example is the use of energy storage units to store energy during off-peak hours and discharge them during peak hours. A newer application for DSM is to aid grid operators in balancing variable generation from wind and solar units, particularly when the timing and magnitude of energy demand does not coincide with the renewable generation. Generators bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Diego Gas & Electric
San Diego Gas & Electric (SDG&E) provides natural gas and electricity to San Diego County and southern Orange County in southwestern California, United States. It is owned by Sempra, a Fortune 500 energy services holding company based in San Diego. SDG&E is a regulated public utility that provides energy service to 3.3 million consumers through 1.4 million electric meters and more than 840,000 natural gas meters in San Diego and southern Orange counties. The utility's area spans 4,100 square miles (10,600 square kilometers). SDG&E employs about 5,000 people. Energy sources In 2004, the California Public Utilities Commission approved SDG&E's long-term energy resource plan, which relies on a balanced mix of resources to meet the growing energy needs of San Diego. That mix includes increased emphasis on energy efficiency, more renewable energy resources, and additional baseload generation plants and transmission capacity. In 2014 SDG&E had a renewables mix of 36.4%, more than the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern California Gas Company
The Southern California Gas Company (trading as SoCalGas) is a utility company based in Los Angeles, California, and a subsidiary of Sempra Energy. It is the primary provider of natural gas to Los Angeles and Southern California. Overview Its headquarters are located in the Gas Company Tower in downtown Los Angeles. SoCalGas provides natural gas service for approximately 21.6 million customers, spanning roughly 20,000 square miles of California, extending from Visalia in the north to the Mexican border in the south. Gas service for San Diego County is provided by sister utility San Diego Gas & Electric, and Southwest Gas and the Long Beach Gas & Oil Department (LBGO) carve out small portions of the Southern California area for natural gas delivery. The company provides gas service for all or part of the following counties: *Fresno *Imperial *Kern * Kings *Los Angeles *Orange *Riverside *San Bernardino *San Luis Obispo * Santa Barbara * Tulare * Ventura History This gas comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NSTAR (company)
NSTAR was a utility company that provided retail electricity and natural gas to 1.4 million customers in eastern and central Massachusetts, including the Boston urban area. NSTAR became a subsidiary of Northeast Utilities in April 2012. In February 2015, Northeast Utilities and all of its operating companies (Western Massachusetts Electric, Public Service New Hampshire, Connecticut Light and Power, Yankee Gas, and NSTAR Gas and Electric) became one large company known as Eversource Energy. NSTAR was formed in 1999 by the merger of BEC Energy and Commonwealth Energy System and had the following operating units: Boston Edison Company, Cambridge Electric Light Company, Commonwealth Electric Company, and NSTAR Gas Company (formerly Commonwealth Gas and Cambridge Gas Company). As a part of deregulation of the local electrical power industry, NSTAR has divested itself of all electric generation facilities, keeping only those elements of the business which remain regulated. NSTAR sold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern California Edison
Southern California Edison (or SCE Corp), the largest subsidiary of Edison International, is the primary electricity supply company for much of Southern California. It provides 15 million people with electricity across a service territory of approximately 50,000 square miles. However, the Los Angeles Department of Water and Power, San Diego Gas & Electric (SDG&E), Imperial Irrigation District, and some smaller municipal utilities serve substantial portions of the southern California territory. The northern part of the state is generally served by the Pacific Gas & Electric Company of San Francisco. Other investor-owned utilities (IOUs) in California include SDG&E, PacifiCorp, Bear Valley Electric, and Liberty Utilities. Southern California Edison (SCE) still owns all of its electrical transmission facilities and equipment, but the deregulation of California's electricity market in the late 1990s forced the company to sell many of its power plants, though some were probably sold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Baumol
William Jack Baumol (February 26, 1922 – May 4, 2017) was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles. Baumol wrote extensively about labor market and other economic factors that affect the economy. He also made significant contributions to the theory of entrepreneurship and the history of economic thought. He is among the most influential economists in the world according to IDEAS/RePEc. He was elected a Fellow of the American Academy of Arts and Sciences in 1971, the American Philosophical Society in 1977, and the United States National Academy of Sciences in 1987. Baumol was considered a candidate for the Nobel Prize in Economics for 2003, and Thomson Reuters cited him as a potential recipient in 2014, but he died without receivin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distributed Generation
Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER). Conventional power stations, such as coal-fired, gas, and nuclear powered plants, as well as hydroelectric dams and large-scale solar power stations, are centralized and often require electric energy to be transmitted over long distances. By contrast, DER systems are decentralized, modular, and more flexible technologies that are located close to the load they serve, albeit having capacities of only 10 megawatts (MW) or less. These systems can comprise multiple generation and storage components; in this instance, they are referred to as hybrid power systems. DER systems typically use renewable energy sources, including small hydro, biomass, biogas, solar power, wind power, and geothermal power, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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