dc.contributor.author | HENRIOT, Arthur | |
dc.date.accessioned | 2013-04-26T13:41:04Z | |
dc.date.available | 2013-04-26T13:41:04Z | |
dc.date.issued | 2013 | |
dc.identifier.issn | 1977-3900 | |
dc.identifier.issn | 1977-3919 | |
dc.identifier.uri | https://hdl.handle.net/1814/26759 | |
dc.description | QM-AI-13-103-EN-C | en |
dc.description | QM-AI-13-103-EN-N | en |
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.mimetype | application/pdf | |
dc.language.iso | en | |
dc.relation.ispartofseries | Florence School of Regulation | en |
dc.relation.ispartofseries | 2013/03 | en |
dc.relation.ispartofseries | Policy Briefs | en |
dc.relation.ispartofseries | Electricity | en |
dc.relation.uri | http://www.florence-school.eu | |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.title | Financing investment in the European electricity transmission network : consequences on long-term sustainability of the TSOs financial structure | |
dc.type | Other | en |
eui.subscribe.skip | true | |