Distribution Investment Regulation : Principles and Practices in Power Sector of Armenia
The objective of this study is to identify the factors that need to be improved in the existing regulatory framework with respect to regulation of investments at the power distribution level. The study was initiated by the World Bank to inform the...
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| Format: | Technical Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/333591561760473422/Distribution-Investment-Regulation-Principles-and-Practices-in-Power-Sector-of-Armenia http://hdl.handle.net/10986/32108 |
| Summary: | The objective of this study is to
identify the factors that need to be improved in the
existing regulatory framework with respect to regulation of
investments at the power distribution level. The study was
initiated by the World Bank to inform the thinking of Public
Services Regulatory Commission (PSRC) on further
improvements that may be required in the process of
preparation, review and approval of investments for power
distribution company and some other incremental improvements
in the regulatory framework for the power distribution. The
primary aim of those improvements is to increase the
efficiency of investments and clearly link those to the
quality of electricity service for consumers. This link is
currently not well-established, and the investment program
submitted by the power distribution company does not clearly
justify the relevant investments by the quantitative targets
of electricity supply improvements. Additionally, there are
some other inefficiencies in regulatory framework and
end-user tariff structure. The study focuses exclusively on
the investment planning, review, and approval issues related
to power distribution company. |
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