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Asset management framework and its incentive economic equations are represented in this paper. To this end, asset management process conducted to realize distribution targets, are considered and a comprehensive framework of these activities is represented. This framework can be utilized in planning and evaluation of distribution system. On the basis of asset management comprehensive framework, economic equations are formulated and regulation indices are determined. Afterwards, method that regulates key indices is described. This method is conformed to distribution targets. At the final step, numerical studies on Tehran Province Regional Electrical Distribution Company (TPREDC) are presented. In TPREDC activities were done with few incentives, therefore productivity and benefit had reduced. After implementation of proposed internal regulation, it can be seen that key indices have been improved.

The Values of Incentive Regulations and Comprehensive Framework for Electrical Asset Management: An Iranian/Tehran Province Perspective