Owner of the document requires that the content be not remodified or redistributed.
Share |



Results-Based Regulation: A Modern Approach to Modernize the Grid
Author:
General Electric
Year:
2013
Abstract:

Utilities are expected to tackle a range of emerging issues - such as advanced outage management, integration of renewable generation, and cyber security - yet they are held to regulatory standards set in the first half of the last century. In order to modernize our power grid, we should first modernize the regulatory model so that it incentivizes investment, efficiency and innovation. As regulators seek to meet current challenges without discarding the traditional objectives of regulation, a results-based model offers an attractive alternative. Results-based regulation is designed to support investments that share the cost savings with customers, reward utilities for exceptional performance, remain affordable by encouraging operational efficiencies and address emerging issues that impact the public good.

Document Type:
White paper
Source:
General Electric