Efficiency analysis in electricity transmission utilities

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April 2009, 5(2): 253-274. doi: 10.3934/jimo.2009.5.253

Efficiency analysis in electricity transmission utilities

Angela Cadena ^1, , Adriana Marcucci ^1, , Juan F. Pérez ^2, , Hernando Durán ^1, , Hernando Mutis ^2, , Camilo Taútiva ^1, and Fernando Palacios ^2,

1.	Department of Electrical and Electronic Engineering, Universidad de los Andes, Carrera 1 N 18A 10, Bogotá, Colombia, Colombia, Colombia, Colombia
2.	Department of Industrial Engineering, Universidad de los Andes, Carrera 1 N 18A 10, Bogotá, Colombia, Colombia, Colombia

Received June 2007 Revised February 2009 Published April 2009

Abstract
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In those countries where the electric production chain has been disintegrated, transportation utilities (transmission as well as distribution) are subject to regulation or are under supervised activity. Regulation of activities considered as natural monopolies in network economies requires knowing or assessing efficient capital and operating expenditures (CAPEX and OPEX) depending on the output levels. The problem of determining the tariffs that transmission utilities can charge is tightly related to efficient OPEX levels. This work discusses the use of Data Envelopment Analysis and Stochastic Frontier Analysis to determine efficient frontiers for the electricity transmission activity. The results include relative efficiency and productivity indexes, as well as benchmarking peers. This information can be useful to the regulator to foster efficient performance of transmission utilities.

Keywords: Efficiency measurement, Stochastic Frontier Analysis, operating expenditures., Data Envelopment Analysis, electricity transmission.

Mathematics Subject Classification: Primary: 90B90, 62P3.

Citation: Angela Cadena, Adriana Marcucci, Juan F. Pérez, Hernando Durán, Hernando Mutis, Camilo Taútiva, Fernando Palacios. Efficiency analysis in electricity transmission utilities. Journal of Industrial & Management Optimization, 2009, 5 (2) : 253-274. doi: 10.3934/jimo.2009.5.253

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