کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1000311 1481673 2013 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The process of tariff setting in an unstable legal framework: An Italian case study
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
The process of tariff setting in an unstable legal framework: An Italian case study
چکیده انگلیسی

The Italian water sector has undergone profound change since 2006, when a revised governance framework and new tariff models became law; further innovations were introduced after a national referendum in June 2011. This paper discusses the process of tariff setting in Italy in the light of reforms since 2006; a qualitative case study approach is used to investigate the tariff-setting process and the impact of the new regulatory framework on water utilities and local regulatory authorities. Results show that both utilities and authorities altered their investment policies to reduce financial risk in view of the uncertainty surrounding the new regulatory framework. Moreover, several water utilities have not yet fully implemented the new tariff model introduced by the June 2011 referendum, for the reason that it prohibits the inclusion in water tariffs of a fixed return on investment component; when applied, the new model is expected to determine a significant decrease in both the annual income and cash flow of water utilities.


► The new tariff model has not been yet fully implemented by the water utilities.
► The new tariff model will determine a decrease in the income and cash flow of the utilities.
► Both Italian regulatory authorities and utilities have recently changed their investment policies.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Utilities Policy - Volume 24, March 2013, Pages 78–85
نویسندگان
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