An Introduction To Financial And Economic Modeling For Ultity Regulators PDF Download
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Author | : |
Publisher | : |
Total Pages | : |
Release | : 2003 |
Genre | : Electric utilities |
ISBN | : |
Download An Introduction to Financial and Economic Modeling for Utility Regulators Book in PDF, ePub and Kindle
Author | : Antonio Estache |
Publisher | : |
Total Pages | : 27 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download An Introduction to Financial and Economic Modeling for Utility Regulators Book in PDF, ePub and Kindle
The most effective regula ...
Author | : Antonio Estache |
Publisher | : World Bank Publications |
Total Pages | : 36 |
Release | : 2003 |
Genre | : Electric utilities |
ISBN | : |
Download An Introduction to Financial and Economic Modeling for Ultity Regulators Book in PDF, ePub and Kindle
The most effective regulators in developing countries are following remarkably similar approaches. The main common element across "best practice" countries is the use of relatively simple quantitative models of operators' behavior and constraints to measure the impact of regulatory decisions on some key financial and economic indicators of concern to the operators, the users, and the government. The authors provide an introduction to the design and use of these models. They draw on lessons from international experience in industrial and developing countries in ordinary or extraordinary revisions and in the context of contract renegotiations. Simplifying somewhat, these models force regulators to recognize that, in the long run, private operators need to at least cover their opportunity cost of capital, including the various types of risks specific to the country, the sector, or the projects with which they are involved. Because these variables change over time, scheduled revisions are needed to allow for adjustments in the key determinants of the rate of return of the operator. These revisions are a recognition of the fact that all these determinants-tariffs, subsidies, quality, investments, and other service obligations-are interrelated and jointly determine the rate of return. At every revision, the rules of the game for the regulator are exactly the same: to figure out the changes in the cost of capital and to adjust the variables driving the rate of return to ensure that it continues to be consistent with the cost of capital. If they can draw on reasonable data, these models do everything any financial model would do for the day-to-day management of a company but take a longer term view and include an explicit identification of the key regulatory instruments. They can monitor the consistency between cash flow generated by the business on the one hand and debt service and operational expense needs on the other to address the main concerns of the operators. They can also account for a large number of key policy factors including access and affordability concerns for various types of consumers. They generally account for the sensitivity of operators and users to various regulatory design options.
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download “An” Introduction to Financial and Economic Modelling for Utility Regulators Book in PDF, ePub and Kindle
Author | : Antonio Estache |
Publisher | : World Bank Publications |
Total Pages | : 40 |
Release | : 2003 |
Genre | : Electric utilities |
ISBN | : |
Download An Introduction to Financial and Economic Modeling for Utility Regulators Book in PDF, ePub and Kindle
The most effective regulators in developing countries are following remarkably similar approaches. The main common element across "best practice" countries is the use of relatively simple quantitative models of operators' behavior and constraints to measure the impact of regulatory decisions on some key financial and economic indicators of concern to the operators, the users, and the government. The authors provide an introduction to the design and use of these models. They draw on lessons from international experience in industrial and developing countries in ordinary or extraordinary revisions and in the context of contract renegotiations. Simplifying somewhat, these models force regulators to recognize that, in the long run, private operators need to at least cover their opportunity cost of capital, including the various types of risks specific to the country, the sector, or the projects with which they are involved. Because these variables change over time, scheduled revisions are needed to allow for adjustments in the key determinants of the rate of return of the operator. These revisions are a recognition of the fact that all these determinants-tariffs, subsidies, quality, investments, and other service obligations-are interrelated and jointly determine the rate of return. At every revision, the rules of the game for the regulator are exactly the same: to figure out the changes in the cost of capital and to adjust the variables driving the rate of return to ensure that it continues to be consistent with the cost of capital. If they can draw on reasonable data, these models do everything any financial model would do for the day-to-day management of a company but take a longer term view and include an explicit identification of the key regulatory instruments. They can monitor the consistency between cash flow generated by the business on the one hand and debt service and operational expense needs on the other to address the main concerns of the operators. They can also account for a large number of key policy factors including access and affordability concerns for various types of consumers. They generally account for the sensitivity of operators and users to various regulatory design options.
Author | : Wayne P. Olson |
Publisher | : |
Total Pages | : |
Release | : 2014-10-01 |
Genre | : Public utilities |
ISBN | : 9780910325325 |
Download The a to Z of Public Utility Regulation Book in PDF, ePub and Kindle
Author | : Christopher Decker |
Publisher | : Cambridge University Press |
Total Pages | : 779 |
Release | : 2023-05-31 |
Genre | : Business & Economics |
ISBN | : 131651451X |
Download Modern Economic Regulation Book in PDF, ePub and Kindle
Brings economic regulation to life by tracing theoretical insights through to real-world applications in eight essential regulated sectors.
Author | : Martin Rodriguez Pardina |
Publisher | : World Bank Publications |
Total Pages | : 240 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 0821371800 |
Download Accounting for Infrastructure Regulation Book in PDF, ePub and Kindle
This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).
Author | : Carolina Sánchez-Páramo |
Publisher | : World Bank Publications |
Total Pages | : 48 |
Release | : 2003 |
Genre | : Skilled labor |
ISBN | : |
Download Off and Running? Book in PDF, ePub and Kindle
The authors describe the evolution of relative wages in five Latin American countries-Argentina, Brazil, Chile, Colombia, and Mexico. They use repeated cross-sections of household surveys, and decompose the evolution of relative wages into factors associated with changes in relative supply and relative demand. The authors have three main conclusions: 1) Increases in the relative wages of the most skilled (university-educated) workers took place concurrently with increases in their relative abundance in all of the countries except Brazil. This is strong evidence of increases in the demand for skilled workers. 2) Increases in the wage bill of skilled workers occurred largely within sectors, and in the same sectors in different countries, which is consistent with skill-biased technological change. 3) Trade appears to be an important transmission mechanism. Increases in the demand for the most skilled workers took place at a time when countries in Latin America considerably increased the penetration of imports, including imports of capital goods. The authors show that changes in the volume and research and development intensity of imports are significantly related to changes in the demand for more skilled workers in Latin America. Their research complements earlier work on the effects of technology transmitted through trade on productivity and on the demand for skilled labor.
Author | : François Bourguignon |
Publisher | : World Bank Publications |
Total Pages | : 300 |
Release | : 2008 |
Genre | : Adaptation (Biology) |
ISBN | : 0821368427 |
Download Rethinking Infrastructure for Development Book in PDF, ePub and Kindle
This book provides profiles of over 50 countries with 54 development indicators about people, environment, economy, technology, infrastructure, trade and finance, all in one handy, pocketsized volume. A must have for anyone interested in today's development challenges in subSaharan Africa.