The 2001-3 electricity distribution price control review in the Netherlands: regulatory process and consumer welfare |
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Authors: | Paul H L Nillesen Michael G Pollitt |
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Institution: | (1) PricewaterhouseCoopers Advisory, De Entree 201, Amsterdam, The Netherlands;(2) Judge Business School, Cambridge, CB2 1AG, UK |
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Abstract: | The outcome of the first electricity distribution price control review in The Netherlands did not deliver the savings initially
suggested by the regulator (DTe). During the course of the first 3-year regulatory period, DTe revised the X-Factors four
times. The impact on tariffs has been substantial. DTe initially announced in 2000 that savings would be equivalent to 25%
of electric distribution revenues ( 2bn). However, final X-Factors in May 2003 resulted in savings of 10% of revenues. The total cost to consumers—when compared
to the most probable outcome—has been 140 mln (7% of total revenues).
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Keywords: | Regulation Benchmarking Consumer welfare Regulatory process X-Factor |
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