Development of Standards for Regulatory Systems in Infrastructure: Emerging Principles of Utility Regulation
28 Pages Posted: 15 Feb 2004
Date Written: June 2002
The development of sound regulatory regimes, including institutions, norms and processes, is critical to ensure the effective and sustainable delivery of infrastructure services, promote private participation in such services, and facilitate workable competition in such services.
In order to help its client countries to improve the quality of infrastructure regulation in its client countries, the World Bank is exploring the feasibility of establishing principles of infrastructure regulation, which bodies involved in regulatory processes would be encouraged to adopt, and against which their performance could be assessed by third parties.
Against this background, the objective of this report, which has been prepared by the author for the World Bank, is to identify a set of sound principles of regulation of infrastructure, as well as to examine the extent to which these principles are supported by international practice.
Keywords: World Bank, development, utility, regulation, telecommunications, energy, infrastructure, investments
JEL Classification: D42, F15, F21, F23, K23, L12, L40, L50
Suggested Citation: Suggested Citation