1、Better Incentives for Efficient Transmission:The Potential Contribution of Price Cap RegulationABetter Incentives for Efficient Transmission:The Potential Contribution of Price Cap RegulationTimothy J.BrennanReport 25-04 February 2025Resources for the FutureiAbout the AuthorTimothy J.Brennan is a se
2、nior fellow at Resources for the Future(RFF)and professor emeritus at the University of Maryland,Baltimore Countys School of Public Policy.Brennan has been a staff economist with the Department of Justices Antitrust Division and a non-resident adviser to the Director of the Federal Trade Commissions
3、 Bureau of Economics.Brennan has served as the senior economist for industrial organization and regulation with the White House Council of Economic Advisers and chief economist at the Federal Communications Commission.He has also held the T.D.MacDonald Chair in Industrial Economics at the Canadian C
4、ompetition Bureau.Acknowledgements This work was supported by RFFs Electric Power Program;opinions and errors remain my sole responsibility.About RFFResources for the Future(RFF)is an independent,nonprofit research institution in Washington,DC.Its mission is to improve environmental,energy,and natur
5、al resource decisions through impartial economic research and policy engagement.RFF is committed to being the most widely trusted source of research insights and policy solutions leading to a healthy environment and a thriving economy.The views expressed here are those of the individual authors and
6、may differ from those of other RFF experts,its officers,or its directors.Sharing Our WorkOur work is available for sharing and adaptation under an Attribution-NonCommercial-NoDerivatives 4.0 International(CC BY-NC-ND 4.0)license.You can copy and redistribute our material in any medium or format;you