Introduction to IBR by Dr Aznan
Introduction to IBR Quiz
Test your knowledge on the basics of Incentive-Based Regulation (IBR) in the electricity sector with this engaging quiz. Designed for students and professionals alike, the quiz covers essential concepts and regulations that govern the electricity market.
- 11 carefully crafted questions
- Multiple choice format
- Gain insights into regulatory frameworks
Regulation is needed in areas where:-
A. Competition works and legally included
B. Competition does not work and legally excluded
C. Competition is vibrant and is guaranteed by law
D. Market is competitive
E. There is a utility and small number of customers
The following are the main objectives of regulation except
A. Protect consumer interests and eliminate monopoly inefficiency
B. Ensure financial viability of industry participants
C. To lower the electricity tariff and ensure that the utility goes out of business
D. Ensure equal conditions and non-discrimination of all sector participants
E. Improve conditions for competition where it is possible
The following is a characteristics of the electricity networks except
A. Economies of scale
B. Capital intensity
C. Can be transmitted wirelessly
D. Peak-load based
E. Direct connection to customers
Under which regulatory regime is TNB is currently in?
A. Feed-in tariff Regulatory Regime
B. Imbalanced Cost Pass Through
C. Incentive Based Regulation
D. Net Energy Metering
E. Cost Plus/Rate of Return
Which of the following is not a separate business entity in Regulatory Period 1?
A. Customer Services
B. Distribution Network
C. Transmission
D. Single Buyer
E. System Operations
Which of the following best describe a Price Cap regulatory framework?
A. Price charged by the utility is set by Suruhanjaya Tenaga
B. Price charged by the utility varies according to fuel price
C. price (and price path) is set based on forecasts of cost and electricity sales
D. Price charged by the utility varies according to CPI
E. Price charged by the utility is approved by KeTTHA
Which of the following tariff adjustment period for TNB’s business entities is FALSE?
A. Transmission revenue cap adjustments - done on regulatory term basis
B. System Operations revenue cap adjustment - done on regulatory term basis
C. Single Buyer Generation actual cost adjustment (generation specific tariff component) - done every six months
D. Single Buyer Operations revenue cap adjustment (other operational costs specific tariff component) - done on regulatory term basis
E. Customer Services price cap adjustments – done on annual basis
Questions Q8, Q9 and Q10 refers to the table above. Note that ( ) denotes negative in accounting convention (please refer to tables on page 35 and 36 in the notes). What is value for Q8?
A. N/A price cap
B. 1
C. (1)
D. 10
E. (10)
Q9
A. N/A revenue cap
B. 85.2
C. (85.2)
D. 0.48
E. (0.48)
Q10
A. N/A actual cost
B. 0.03
C. (0.03)
D. 0.95
E. (0.95)
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