The economic theory of regulation versus alternative theories for the electric utilities industry: a simultaneous probit model

Article Abstract:

A two-way causality approach based on the modern theory of regulation has been used to analyze the effect of governmental regulations to electric utility pricing. By revising the regression technique proposed by Stigler and Friedland, a positive relationship between electric price regulation and price of electricity has been confirmed. Further, it has been concluded that electric pricing regulatory measures are ineffectual in reducing the price of electricity, because of the incapability of a regulatory body to restrain an operator from distributing fixed electrical output, prices and costs.

Administration of General Economic Programs, Price & Wage Controls, Analysis, Prices and rates, Electric power distribution, Price control, Price regulations, Wage price policy

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Productivity development of Norwegian electricity distribution utilities

Article Abstract:

Frontier technology shift has greatly contributed to the attainment of positive productivity growth among electricity distribution utilities in Norway. The Malmquist index approach revealed that the 1.5% to 2% annual growth attained by Norwegian electricity distribution utilities can be greatly attributed to frontier production shift. The insignificant change in average efficiency recorded from 1983 to 1989 can be attributed to stability brought about by unmodified regulatory regime.

Management, Norway, Industrial productivity

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Residential response to voluntary time-of-use electricity rates

Article Abstract:

No marked differences was noted with regards to volunteers and non-volunteers' response to time-of-use (TOU) electricity pricing. Data obtained from Midwest Power Systems of Iowa showed that usage patterns of volunteers and non-volunteers were almost the same under baseline TOU rates. The distinction between the two groups of users lies with regards to their perception involving usage patterns and ability to react to the rate structure.

Research, Laws, regulations and rules, Consumer behavior

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