Training Module on Electricity Market Regulation - SESSION 7

Session 7: Quality of Supply Regulation

Quality of supply regulation is becoming more and more important as cost-decreasing incentives may have a mid- and long-term effect on the quality provided. This session explains how quality of supply is defined, measured and regulated.

• Quality definition: Reliability / Commercial quality / Technical quality
• Quality measurement
• Relevance of quality regulation
• Regulatory quality control
• Indirect controls
• Minimum standards
• Incentive schemes
• Design of incentive schemes for quality
• Parameters / Controllability / Incentive function (shape, dead bands, cap and floors)
• Outage cost.