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Stakeholders consider trade‑offs in frequency of backward‑looking rate reviews
Summary
The group discussed how biennial or triennial base‑rate reviews and frequent riders interact with cost‑containment incentives. Participants said extending the regulatory lag can strengthen incentives for cost control but also raised concerns about stakeholder resources and settlements.
Stakeholders reviewed how traditional backward‑looking rate reviews (base‑rate proceedings) interact with RACs and other PBR tools. Several participants noted that more frequent rate reviews reduce the regulatory lag and therefore reduce the period utilities operate under a set revenue requirement; conversely, extending the lag can strengthen utilities’ incentives to contain costs between…
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