Background & Motivation→Research Design: 1.Energy policy reform of federal level: 1.1 Energy Strategy 2050 proposed the Federal Council(2011).1.2 reformed Energy Act(approved in a public referendum,May 2017).2.reformed Water Rights Act(under review).2.1 Proposals for new water fee system under review,including: 2.2 Flexible fees adjusted to market prices.2.3 Integration in fiscal equalization.2.4 Inclusion in electricity prices.Analysis of(a)Ownership in Swiss HP →attributedwater fees.(b)Distributional effects of water fees and mitigation of resulting disparities through fiscal equalization.Some facts: Current water fee maximum: 110 CHF/kW(~ 14.5 CHF/MWh)Market price: ~ 45 CHF/MWh(2014/15)~ 75 – 115 CHF/MWh(2007/08).Research questions: 1.Impact of changing water fees on.2.Profitability of HP plants.3.Financial flows(dividends,water fees,taxes,etc.)between cantons and within the Canton of Grisons(GR).4.Municipal finance and fiscal equalization in GR.5.Regional development in GR.
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