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Utility Regulators: The Independence Debate..pdf

Smith_Warrick_Utility_Regulators_The.pdf
Preview of Utility Regulators: The Independence Debate.
🔗 Source: regulationbodyofknowledge.org
📊 Size: 114 KB
👤 Author: Warrick Smith
⬇️ Downloads: 123

Summary

The World Bank discusses the independence of utility regulators, defining independence as having an arm's-length relationship with regulated firms, consumers, and political authorities, as well as organizational autonomy. The rationale for independence lies in the challenges of utility regulation, including protecting consumers, supporting investment, and promoting economic efficiency. Regulatory systems must balance discretion with the need to reduce the risk of misuse and retain flexibility to pursue efficiency. Managing discretion requires insulation from short-term political pressures and competent analysis, which can be achieved through independent agencies with organizational autonomy and technical expertise.

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The World Bank discusses the independence of utility regulators, defining independence as having an arm's-length relationship with regulated firms, consumers,...

Technical Information

  • File Format: PDF
  • File Size: 114 KB
  • Pages: 4
  • Language: EN
  • Author: Warrick Smith
  • Total Downloads: 123
  • Last Updated: 4 hours ago

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