KETEP 세계에너지시장정보

1.  Introduction 1

2.  Conventional Regulation: Why, How, and What Can Go Wrong? 2
 2.1.  Why Regulate Price at All? 2
 2.2.  The Traditional “Cost-of-Service” Solution 3
 2.3.  What Can Go Wrong—Consequences for Electricity Transmission 4

3.   Price Caps to the Rescue—Maybe 5
 3.1.  How Price Cap Regulation Works and Why 5
 3.2.  Relatively Subtle Advantages 6
 3.3.  Disadvantages 8

4.  Implications for Transmission 9

5.  Challenges and Limitations 10
 5.1.  Relatively Permanent, Not Transitional Regulation 11
 5.2.  Multiple Dimensions of Transmission Quality 11
 5.3.  Variation over Space and Time 12
 5.4.  Handling Expansion: Setting Initial Prices 13

6.  Conclusions  13

References 15