International Benchmarking of Electricity Transmission System Operators

Per J. Agrell, Peter Bogetoft

Publikation: Kapitel i bog/rapport/konferenceprocesKonferencebidrag i proceedingsForskningpeer review

Resumé

Electricity transmission system operators (TSO) in Europe are increasing subject to high-powered performance-based regulation, such as revenue-cap regimes. The determination of the parameters in such regimes is challenging for national regulatory authorities (NRA), since there is normally a single TSO operating in each jurisdiction. The solution for European regulators has been found in international regulatory benchmarking, organized in collaboration with the Council of European Energy Regulators (CEER) in 2008 and 2012 for 22 and 23 TSOs, respectively. The frontier study provides static cost efficiency estimates for each TSO, as well as dynamic results in terms of technological improvement rate and efficiency catch-up speed. In this paper, we provide the methodology for the benchmarking, using non-parametric DEA under weight restrictions, as well as an analysis of the static cost efficiency resutls for 2011. The overall cost efficiency is measured with a three-output model, explaining 91.2 % of variance, using a DEA model under non-decreasing returns to scale assumptions. The methodology is innovative in the sense that it combines endogenous outlier detection, technologically relevant output weight restrictions and a correction method for opening balances.
Electricity transmission system operators (TSO) in Europe are increasing subject to high-powered performance-based regulation, such as revenue-cap regimes. The determination of the parameters in such regimes is challenging for national regulatory authorities (NRA), since there is normally a single TSO operating in each jurisdiction. The solution for European regulators has been found in international regulatory benchmarking, organized in collaboration with the Council of European Energy Regulators (CEER) in 2008 and 2012 for 22 and 23 TSOs, respectively. The frontier study provides static cost efficiency estimates for each TSO, as well as dynamic results in terms of technological improvement rate and efficiency catch-up speed. In this paper, we provide the methodology for the benchmarking, using non-parametric DEA under weight restrictions, as well as an analysis of the static cost efficiency resutls for 2011. The overall cost efficiency is measured with a three-output model, explaining 91.2 % of variance, using a DEA model under non-decreasing returns to scale assumptions. The methodology is innovative in the sense that it combines endogenous outlier detection, technologically relevant output weight restrictions and a correction method for opening balances.
SprogEngelsk
TitelThe 11th International Conference on the European Energy Market. EEM 2014
RedaktørerWladyslaw Mielczarski, Tomasz Siewierski
Antal sider5
Udgivelses stedLos Alamitos, CA
ForlagIEEE
Dato2014
Artikelnummer390
ISBN (Elektronisk)9781479960941
StatusUdgivet - 2014
BegivenhedThe 11th International Conference on the European Energy Market. EEM 2014 - International Cultural Centre, Krakow, Polen
Varighed: 28 maj 201430 maj 2014
Konferencens nummer: 11
http://www.eem14.com/

Konference

KonferenceThe 11th International Conference on the European Energy Market. EEM 2014
Nummer11
LokationInternational Cultural Centre
LandPolen
ByKrakow
Periode28/05/201430/05/2014
SponsorInstitute of Electrical and Electronics Engineers
Internetadresse

Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

Citer dette

Agrell, P. J., & Bogetoft, P. (2014). International Benchmarking of Electricity Transmission System Operators. I W. Mielczarski, & T. Siewierski (red.), The 11th International Conference on the European Energy Market. EEM 2014 [390] Los Alamitos, CA: IEEE.
Agrell, Per J. ; Bogetoft, Peter. / International Benchmarking of Electricity Transmission System Operators. The 11th International Conference on the European Energy Market. EEM 2014 . red. / Wladyslaw Mielczarski ; Tomasz Siewierski. Los Alamitos, CA : IEEE, 2014.
@inproceedings{99a986019fe34a16840b75cf51ac7db2,
title = "International Benchmarking of Electricity Transmission System Operators",
abstract = "Electricity transmission system operators (TSO) in Europe are increasing subject to high-powered performance-based regulation, such as revenue-cap regimes. The determination of the parameters in such regimes is challenging for national regulatory authorities (NRA), since there is normally a single TSO operating in each jurisdiction. The solution for European regulators has been found in international regulatory benchmarking, organized in collaboration with the Council of European Energy Regulators (CEER) in 2008 and 2012 for 22 and 23 TSOs, respectively. The frontier study provides static cost efficiency estimates for each TSO, as well as dynamic results in terms of technological improvement rate and efficiency catch-up speed. In this paper, we provide the methodology for the benchmarking, using non-parametric DEA under weight restrictions, as well as an analysis of the static cost efficiency resutls for 2011. The overall cost efficiency is measured with a three-output model, explaining 91.2 {\%} of variance, using a DEA model under non-decreasing returns to scale assumptions. The methodology is innovative in the sense that it combines endogenous outlier detection, technologically relevant output weight restrictions and a correction method for opening balances.",
author = "Agrell, {Per J.} and Peter Bogetoft",
note = "CBS Library does not have access to the material",
year = "2014",
language = "English",
editor = "Mielczarski, {Wladyslaw } and Tomasz Siewierski",
booktitle = "The 11th International Conference on the European Energy Market. EEM 2014",
publisher = "IEEE",
address = "United States",

}

Agrell, PJ & Bogetoft, P 2014, International Benchmarking of Electricity Transmission System Operators. i W Mielczarski & T Siewierski (red), The 11th International Conference on the European Energy Market. EEM 2014 ., 390, IEEE, Los Alamitos, CA, The 11th International Conference on the European Energy Market. EEM 2014, Krakow, Polen, 28/05/2014.

International Benchmarking of Electricity Transmission System Operators. / Agrell, Per J.; Bogetoft, Peter.

The 11th International Conference on the European Energy Market. EEM 2014 . red. / Wladyslaw Mielczarski; Tomasz Siewierski. Los Alamitos, CA : IEEE, 2014. 390.

Publikation: Kapitel i bog/rapport/konferenceprocesKonferencebidrag i proceedingsForskningpeer review

TY - GEN

T1 - International Benchmarking of Electricity Transmission System Operators

AU - Agrell,Per J.

AU - Bogetoft,Peter

N1 - CBS Library does not have access to the material

PY - 2014

Y1 - 2014

N2 - Electricity transmission system operators (TSO) in Europe are increasing subject to high-powered performance-based regulation, such as revenue-cap regimes. The determination of the parameters in such regimes is challenging for national regulatory authorities (NRA), since there is normally a single TSO operating in each jurisdiction. The solution for European regulators has been found in international regulatory benchmarking, organized in collaboration with the Council of European Energy Regulators (CEER) in 2008 and 2012 for 22 and 23 TSOs, respectively. The frontier study provides static cost efficiency estimates for each TSO, as well as dynamic results in terms of technological improvement rate and efficiency catch-up speed. In this paper, we provide the methodology for the benchmarking, using non-parametric DEA under weight restrictions, as well as an analysis of the static cost efficiency resutls for 2011. The overall cost efficiency is measured with a three-output model, explaining 91.2 % of variance, using a DEA model under non-decreasing returns to scale assumptions. The methodology is innovative in the sense that it combines endogenous outlier detection, technologically relevant output weight restrictions and a correction method for opening balances.

AB - Electricity transmission system operators (TSO) in Europe are increasing subject to high-powered performance-based regulation, such as revenue-cap regimes. The determination of the parameters in such regimes is challenging for national regulatory authorities (NRA), since there is normally a single TSO operating in each jurisdiction. The solution for European regulators has been found in international regulatory benchmarking, organized in collaboration with the Council of European Energy Regulators (CEER) in 2008 and 2012 for 22 and 23 TSOs, respectively. The frontier study provides static cost efficiency estimates for each TSO, as well as dynamic results in terms of technological improvement rate and efficiency catch-up speed. In this paper, we provide the methodology for the benchmarking, using non-parametric DEA under weight restrictions, as well as an analysis of the static cost efficiency resutls for 2011. The overall cost efficiency is measured with a three-output model, explaining 91.2 % of variance, using a DEA model under non-decreasing returns to scale assumptions. The methodology is innovative in the sense that it combines endogenous outlier detection, technologically relevant output weight restrictions and a correction method for opening balances.

M3 - Article in proceedings

BT - The 11th International Conference on the European Energy Market. EEM 2014

PB - IEEE

CY - Los Alamitos, CA

ER -

Agrell PJ, Bogetoft P. International Benchmarking of Electricity Transmission System Operators. I Mielczarski W, Siewierski T, red., The 11th International Conference on the European Energy Market. EEM 2014 . Los Alamitos, CA: IEEE. 2014. 390.