Eandis: Financing the Roll Out of Smart Meters in a Regulated Environment
商品編號：9B19N003
出版日期：2019/01/15
再版日期：2019/01/15
商品來源：Ivey
商品主題：Finance; International Business
商品類型：Case (Field)
涵蓋議題：regulated network company;financial statements;smart meter investment
難易度：5 - MBA/Postgraduate
內容長度：6 頁
地域：Belgium
產業：Utilities;
事件年度：2014
In 2014, Eandis System Operator CVBA (Eandis), a low- and medium-voltage power distribution system operator (DSO) in Belgium, had an ambitious plan for investing in a smart metering infrastructure, but the regulatory context was uncertain. The company had been operating in a regulated monopoly characterized by a cost-plus pricing regime. The regime allowed the company to recover its costs through the tariffs it charged grid users for access to the electricity distribution network. In recent years, the regime had motivated the company to invest in infrastructure; however, the cost-plus regime was about to be replaced by a new type of regulation based on incentives and the DSO’s performance. Under the new regulation, DSOs could propose investments to the regulator, who then approved the investments based on a cost-benefit analysis. In this context, Eandis must decide whether to continue with its plan to invest in smart metering and, if so, how to structure the investment to appeal to the equity investors.
教學手冊：8B19N003;
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