Journal ArticleDOI
Shareholder Incentives for Utility-Based Energy Efficiency Programs in California
TLDR
In this article, a game theory model for the implementation of utility-based energy efficiency programs is developed, in which a regulator adopts an energy savings target and a shared-savings incentive mechanism before a utility firm proposes program funding, gets the proposal authorized, and begins to manage the programs.Citations
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Explaining the contract terms of energy performance contracting in China: The importance of effective financing
Yan Li,Yueming Qiu,Yi David Wang +2 more
TL;DR: In this article, a theoretical bargain model between ESCO and its client was built to find out the structural relationship among these contract terms, and the impacts of various factors on the contract terms and the resulted energy savings.
Journal ArticleDOI
Motivating energy suppliers to promote energy conservation
TL;DR: In this paper, the authors examine the design of regulatory policy to induce electric utilities to deliver the surplus-maximizing level of energy efficiency services, where the rebound effect typically renders revenue decoupling insufficient in this regard.
Journal ArticleDOI
Incentive Design and Utility Learning via Energy Disaggregation
TL;DR: In this paper, the authors model the utility company and consumer interaction as a reverse Stackelberg game and present an iterative algorithm to design incentives for consumers while estimating their utility functions.
Journal ArticleDOI
Tariff regulation with energy efficiency goals
TL;DR: In this paper, the optimal tariff structure that could induce a regulated utility to promote energy efficiency by its customers given that it is privately informed about the effectiveness of its effort on demand reduction was studied.
Journal ArticleDOI
Designing optimal gain sharing plans to promote energy conservation
TL;DR: The importance of allowing the energy supplier a choice among plans, some of which offer the prospect of both pronounced financial gains for superior performance and substantial losses for inferior performance, is demonstrated.
References
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Journal ArticleDOI
Moral Hazard and Observability
TL;DR: In this article, the role of imperfect information in a principal-agent relationship subject to moral hazard is considered, and a necessary and sufficient condition for imperfect information to improve on contracts based on the payoff alone is derived.
Journal ArticleDOI
Regulating a monopolist with unknown costs
David P. Baron,Roger B. Myerson +1 more
TL;DR: In this paper, the authors consider the problem of how to regulate a monopolistic firm whose costs are unknown to the regulator, and derive an optimal regulatory policy for the case in which the regulator does not know the costs of the firm.
Journal ArticleDOI
A Decentralized Method for Utility Regulation
Martin P. Loeb,Wesley A. Magat +1 more
TL;DR: In this paper, a new institutional arrangement for regulating utilities is suggested that minimizes the costs of natural monopolies, a mixture of regulation and franchising, the plan draws on the advantages of each and eliminates many of the problems.
Journal Article
Incentive Regulation For Electric Utilities
TL;DR: A number of state regulatory commissions have turned their attention from retrospective secondguessing of utility management to ''incentive regulation'' approaches, which condition financial rewards or penalties upon some measure of a utility's performance as mentioned in this paper.
Journal ArticleDOI
Incentive Structures Maximizing Residual Gain Under Incomplete Information
TL;DR: In this paper, the authors show that a 50-50 split is the maximin (regret) solution in a broad class of cases, even if discontinuous reward functions are permitted.
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Objectively Designing Shared Savings Incentive Mechanisms: An Opportunity Cost Model for Electric Utility Efficiency Programs
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