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11 results on '"Woolf, Tim"'

1. Benefit-Cost Analysis for Utility-Facing Grid Modernization Investments: Trends, Challenges, and Considerations

Author

Woolf, Tim, Havumaki, Ben, Bhandari, Divita, Whited, Melissa, and Schwartz, Lisa C

Abstract

In recent years, many electric utilities have submitted grid modernization plans for review by state public utility commissions. A central objective of these plans is to demonstrate that grid modernization investments will provide net benefits to customers, be reasonable and be in the public interest. The plans typically include some form of benefit-cost analysis, but the assumptions, methodologies and frameworks vary considerably between utilities.This report:-Describes utility-facing technologies and projects for modernizing distribution systems, including interdependencies of grid components-Highlights benefit-cost considerations related to grid modernization-Summarizes recent trends in benefit-cost analysis for grid modernization based on a review of 21 plans by U.S. electric utilities-Discusses challenges state public utility commissions face in reviewing utility plans and provides options for addressing challenges

Published
2021

11. Performance-based ratemaking: Opportunities and risks in a competitive electricity industry

Author

Woolf, Tim and Michals, Julie

Abstract

Performance-based ratemaking is increasingly being considered an alternative to traditional regulation within a more competitive electricity industry. If designed well, PBR can provide better financial incentives than exist today. But regulators should carefully design PBR mechanisms that incorporate long-term public policy objectives as well as short-term profit incentives.

Published
1995
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