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Ageing infrastructure investment: 'wall of wire' or 'wall of confusion'? What are the issues and what do they tell us?

dc.contributor.authorBeardow, Margaret
dc.contributor.authorGrace-Webb, Eli
dc.date.accessioned2015-02-11T21:39:10Z
dc.date.accessioned2022-07-06T22:49:40Z
dc.date.available2015-02-11T21:39:10Z
dc.date.available2022-07-06T22:49:40Z
dc.date.copyright28/05/2008
dc.date.issued2008
dc.description.abstractWhen network regulation was introduced in New Zealand the implications for investment on ageing assets went largely unrecognised. Consequently even though wide-ranging power outages have signalled the need for substantial replacement investment in infrastructure there is no 'replacement investment' model in the regulatory tool kit. Consequently there is an emerging belief that ageing assets are replaced on basis of age - the "Wall of Wire" - but this is not generally the case. This seminar argues that there is no need to re-invent the wheel with age-centric replacement models: robust engineering models for measuring efficient and prudent replacement investment already exist. An outline of a typical probability model will be presented some discussion on its provenance and a likely application in regulatory price setting will be proposed.en_NZ
dc.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/19099
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.rightsPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870en_NZ
dc.subjectelectricityen_NZ
dc.subjectnetworksen_NZ
dc.titleAgeing infrastructure investment: 'wall of wire' or 'wall of confusion'? What are the issues and what do they tell us?en_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitNew Zealand Institute for the Study of Competition and Regulationen_NZ
vuwschema.contributor.unitVictoria Business School: Orauarikien_NZ
vuwschema.subject.anzsrcfor149999 Economics not elsewhere classifieden_NZ
vuwschema.subject.anzsrcforV2389999 Other economics not elsewhere classifieden_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

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