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dc.contributor.authorHENRIOT, Arthur
dc.date.accessioned2013-04-26T13:41:04Z
dc.date.available2013-04-26T13:41:04Z
dc.date.issued2013
dc.identifier.issn1977-3900
dc.identifier.issn1977-3919
dc.identifier.urihttps://hdl.handle.net/1814/26759
dc.descriptionQM-AI-13-103-EN-Cen
dc.descriptionQM-AI-13-103-EN-Nen
dc.description.abstract- European electricity TSOs will have to achieve substantial capital expenditures over the next two decades. Their current financing strategy will not be adapted to these unprecedented costs. Even in a 'best-case' scenario of full cooperation between the different national and regional TSOs, it will result in constraints on the volume of investment achievable. - Under current trends in the evolution of transmission tariffs, the investment programs that are currently planned will be unsustainable in the long-term. To avoid severe degradation of the TSOs financial profile, a significant increase in tariffs will be required. - Alternative financing strategies, such as issuing additional equity, or restraining dividends, could help achieving the whole-scale investment volumes at a lower cost for consumers. However these financing strategies cannot substitute fully to an increase in tariffs. A very radical shift in the financing strategy would only allow a slightly higher share of the investment plans to be financed, at the expense of a reduced return-on-equity. Injecting capital in the transmission business would not remain attractive under such conditions.
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.relation.ispartofseriesFlorence School of Regulationen
dc.relation.ispartofseries2013/03en
dc.relation.ispartofseriesPolicy Briefsen
dc.relation.ispartofseriesElectricityen
dc.relation.urihttp://www.florence-school.eu
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleFinancing investment in the European electricity transmission network : consequences on long-term sustainability of the TSOs financial structure
dc.typeOtheren
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