Regulated distribution sector facing the future: the GB experience

Cloda Jenkins

Chapter Chapter 4 in Handbook on Electricity Regulation, 2025, pp 68-100 from Edward Elgar Publishing

Abstract: The chapter explores the evolution of electricity distribution regulation in Great Britain. It traces the transition from the RPI-X model to RIIO (Revenue=Incentives+Innovation+Ouputs), highlighting the design of incentives and the need for regulatory adaptability. Key themes include incentivising output delivery, cost efficiency, efficient investment, and low carbon innovation. The chapter discusses the challenges of balancing regulatory commitment with changing contexts, managing uncertainty, and the complexity of the regulatory framework. It emphasises the importance of stakeholder engagement and the calibration of returns relative to performance. The analysis concludes that while RIIO has successfully focused on customer values and stakeholder engagement, continuous learning and adaptation are essential to address emerging priorities and objectives in electricity distribution regulation. The chapter underscores the ongoing evolution required to achieve effective incentive-based regulation.

Keywords: Distribution; Regulation; Incentives; RPI-X; RIIO (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035314348
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035314355.00009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22433_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().