Cost recovery mechanisms on the renovation of American urban-gas pipelines:Inspiration to China
Natural-gas markets in the United States boast high openness after their evolution and reform for over a centu-ry.Meanwhile this country is not only the world's largest natural-gas consumer and producer at the moment but one of the most advanced countries in pipeline technologies.Thus,some American innovative approaches on the investment recov-ery mechanisms were analyzed for renovating urban-gas pipelines.Moreover,the financial subsidy plan from the feder-al government was discussed.In addition,And a lot of renovating successes were summarized in an effort to guide China's renovation.Results show that(i)considered the particularity of gas industry,it's recommended to adopt a system of floating rate to set up the reasonable rate according to the seasonal difference in gas consumption;(ii)using the way of the American government for reference,we may set up technological awards or R&D fund to encourage technological applica-tion;and(iii)public information about American pipelines may offer experience for our policy formulation,normalization,and examination and supervision in public information,and further standardize and implement this disclosure.In conclu-sion,learning from American innovation in the cost recovery mechanisms of gas pipelines'renovation,we shall take their essence and combine practice application while localizing the experience absorbed,and to further find the solution in the investment return of the renovation.
Renovation of gas pipelinesRate recovery mechanismFinancial subsidy
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