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Regulation by Contract
Governments and investors in many developing countries have criticised the performance of recently privatised electricity distribution companies, particularly in relation to the design of regulatory systems. This report examines whether regulation by contract or a combination of regulation by contract and regulatory independence would provide a better option.
Governance and Regulation of Power Pools and System Operators
Annotation World Bank Technical Paper No. 382.This technical paper compares and contrasts the governance and regulation of new style power pools in Australia, Canada, Norway, Sweden, and the United Kingdom. These trading markets in electricity commodities and services are explored in various ways. The authors review the basic governance models, compare decisionmakers in the industry, examine market surveillance methods used, and explore the role of government and the regulator. The paper emphasizes the lessons that can be learned from international experiences.
Handbook for Evaluating Infrastructure Regulatory Systems
More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."
Regulatory Policy and the Social Sciences
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1985.
Handbook for Evaluating Infrastructure Regulatory Systems
Provides an analytical framework and supporting instruments for evaluating the performance of new infrastructure regulators in developing countries. This handbook argues that an evaluation must examine both regulatory governance (the "how" of regulation) as well as regulatory substance (the "what" of regulation).
The Private Sector in Development
The publication explores the role of the private sector in economic development and the challenges involved in the design of public policies which promote an appropriate balance between competition and regulation. Chapters discuss the following topics: the private sector and poverty reduction, the investment climate, public intervention to promote supply response, private participation and markets for basic services, pro-poor policy design, sustainability and reform aspects.
Regulatory Governance in Infrastructure Industries
"This paper assesses and measures regulatory governance in 21 infrastructure regulators in Brazil. Regulatory Governance is decomposed into four main attributes: autonomy; decision-rules; means and tools; and accountability. A ranking is proposed and the main areas for improvement identified. A comparison of the proposed regulatory governance index and other indexes internationally available is performed. Section 2 sets up the analytical framework for the report, identifying key components of regulatory governance, namely, autonomy (political and financial), procedures for decision-making, tools and means (including personnel), and accountability. Section 3 assesses each of these components in practice, reporting the results of a survey with 21 regulatory agencies in Brazil, which was designed and implemented in 2005. Section 4 measures regulatory governance based on three related indexes, ranks the Brazilian regulators among themselves, and compares the proposed indexes with other two indicators available in the literature. Section 5 presents the conclusions."
