Average variable cost treated as proxy for marginal cost; regulator may adopt alternative cost concepts with reasons. Cost shall generally be taken as average variable cost, as a proxy for marginal cost. The Commission may, for reasons recorded in writing and considering ... Summary
Average variable cost treated as proxy for marginal cost; regulator may adopt alternative cost concepts with reasons.
Cost shall generally be taken as average variable cost, as a proxy for marginal cost. The Commission may, for reasons recorded in writing and considering industry, market and technology, adopt other relevant cost concepts such as average total cost, average avoidable cost, or long run average incremental cost.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.