Description: Utility Regulators : Decisionmaking Structures, Resources, and Start-Up Strategy

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Utility Regulators : Decisionmaking Structures, Resources, and Start-Up Strategy

The design of a regulatory agency's decisionmaking structure encompasses issues relating to the number of decisionmakers, the basis for selecting them, the role played by stakeholders, and the regulatory and appeals processes. The selection of...

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Bibliographic Details
Main Author:	Smith, Warrick
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ANTITRUST ASSURANCE AUTHORITY BENEFICIARIES CAP CONSUMERS COUNCILS DECISIONMAKING HUMAN RESOURCES INTEGRITY LEGISLATURE LEGITIMACY MINISTERS PRIVATE FIRMS PUBLIC ADMINISTRATION PUBLIC INSTITUTIONS REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY PROCESS REPRESENTATIVES TAX REVENUES TRANSPARENCY UTILITY REGULATION VOTING INSTITUTION BUILDING DEVELOPING COUNTRIES STOCKHOLDERS DECISION MAKING FINANCIAL RESOURCES TRAINING RECRUITMENT
Online Access:	http://documents.worldbank.org/curated/en/1997/10/441283/utility-regulators-decisionmaking-structures-resources-start-up-strategy http://hdl.handle.net/10986/11568

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Summary:	The design of a regulatory agency's decisionmaking structure encompasses issues relating to the number of decisionmakers, the basis for selecting them, the role played by stakeholders, and the regulatory and appeals processes. The selection of the regulator is critical--especially in countries that have yet to establish a reputation for competence and reliability. When agencies are to be independent, the goal should be to select regulators with the personal qualities needed to exercise independent judgement and resist improper pressures. An appeals process is also important to ensure that the regulator does not stray from its mandate and that it remains accountable. The author outlines good practice.