Performance based regulation of the electricity supply industry in Hong Kong: an empirical efficiency analysis approach

J.H. Wang; H. Ngan; W. Engriwan; K.L. Lo

doi:10.1016/j.enpol.2006.01.011

Performance based regulation of the electricity supply industry in Hong Kong: an empirical efficiency analysis approach

J.H. Wang, H. Ngan, W. Engriwan, K.L. Lo

Electronic And Electrical Engineering

Research output: Contribution to journal › Article › peer-review

33 Citations (Scopus)

Abstract

This paper presents an empirical efficiency analysis approach to analyze the efficiency and performance of utilities and its effects on prices under the price-cap performance based regulation (PBR) model. A data envelopment analysis (DEA)-like frontier-based method is used to compute the total factor productivity with the Malmquist productivity index. Results of case studies support the use of the approach to account for the relation of the X-factor and the PBR model on the two power utilities in Hong Kong's electricity supply industry.

Original language	English
Pages (from-to)	609-615
Number of pages	6
Journal	Energy Policy
Volume	35
Issue number	1
Early online date	28 Feb 2006
DOIs	https://doi.org/10.1016/j.enpol.2006.01.011
Publication status	Published - Jan 2007

Keywords

PBR
DEA
price cap
utilities
data envelopment analysis
performance based regulation

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10.1016/j.enpol.2006.01.011

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abstract = "This paper presents an empirical efficiency analysis approach to analyze the efficiency and performance of utilities and its effects on prices under the price-cap performance based regulation (PBR) model. A data envelopment analysis (DEA)-like frontier-based method is used to compute the total factor productivity with the Malmquist productivity index. Results of case studies support the use of the approach to account for the relation of the X-factor and the PBR model on the two power utilities in Hong Kong's electricity supply industry.",

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AB - This paper presents an empirical efficiency analysis approach to analyze the efficiency and performance of utilities and its effects on prices under the price-cap performance based regulation (PBR) model. A data envelopment analysis (DEA)-like frontier-based method is used to compute the total factor productivity with the Malmquist productivity index. Results of case studies support the use of the approach to account for the relation of the X-factor and the PBR model on the two power utilities in Hong Kong's electricity supply industry.

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KW - DEA

KW - price cap

KW - utilities

KW - data envelopment analysis

KW - performance based regulation

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DO - 10.1016/j.enpol.2006.01.011

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Performance based regulation of the electricity supply industry in Hong Kong: an empirical efficiency analysis approach

Abstract

Keywords

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