Utility Regulators : The Independence Debate
Some governments are reluctant to surrender political control over regulatory decisions, and some who agree on the general desirability of independent agencies may question whether they are feasible in all country settings. The author argues that r...
| Main Author: | |
|---|---|
| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1997/10/441720/utility-regulators-independence-debate http://hdl.handle.net/10986/11570 |
| Summary: | Some governments are reluctant to
surrender political control over regulatory decisions, and
some who agree on the general desirability of independent
agencies may question whether they are feasible in all
country settings. The author argues that regulatory
independence is worth the effort even in countries with
little tradition of such government entities. The agencies
should have arm's-length relationships with regulated
firms, consumers, and politicians, and they should have the
funding and expertise to underpin such independence. He
explains the requirements for achieving independent
agencies, including formal safeguards, and suggests possible
paths of transition for setting up such agencies. |
|---|