Support Services Asset System Equipment Production Market Equipment Producer Asset Governor Electricity Market Disperse Generation Asset Owner Execution Project Market Contractors Asset Manager Consulation Market Planning and Design Service Providers Communication Market Data Transferring Customers Taking all this into account, the stakeholder rights system can be illustrated as in figure 2. Distribution system goals can therefore be listed as ✔ provision of optimal electricity services ✔ promotion of power distribution system efficiency ✔ consideration of customers' social rights. we will refer to the first and third goals as "asset constraints" and call the second goal "asset efficiency." asset management therefore means increasing asset efficiency while observing asset constraints. The Framework of Goals and Processes in the Distribution Asset System asset management goals are the same as distribution system goals. figure 1. Asset system players. and the benefits of the asset owner. also, asset governance determines penalties to force asset managers to improve asset efficiency and their services to customers. These penalties must not increase the risk of asset owners' benefit. First Target: Service Improvement electricity services can be divided into the following three categories, as shown in figure 3: Asset Governor (Durability) Durability (Long Term) Stakeholders' Rights Balancing (Short Term) Lower Price Support Services (Benefit) Balance in Asset Managers' Demands Electricity Distribution Services Better Electricity Services Social Rights Following Social Rights Efficiency Economic Stability Electricity Price Increase Customers (Welfare) Cost Management Asset Owner (Benefit) figure 2. Stakeholder rights in the distribution system. 98 ieee power & energy magazine may/june 2014