Peer-to-peer and peer-to-x open a new world of transactions in the electricity sector. This world is characterised by the active involvement of new players, both small in size and non-professional in nature, and by new combinations of the activities carried out behind and in front of the meter. Peer-to-peer refers to transactions in which both…
Number 2
Incentive Regulation of Electricity and Gas Networks in the UK: From RIIO-1 to RIIO-2
The regulatory and operating context of energy networks is dynamic and constantly evolving. Achieving a multitude of economic, environmental, social and policy objectives is a challenging task for the sector regulators. In 2010, the UK energy regulator Ofgem replaced its approach to energy network price control and incentive regulation with a Revenue-Incentive-Innovation-Output (RIIO-1) model. This…