Regulatory Effectiveness: The Impact of Regulation and Regulatory Governance Arrangements on Electricity Industry Outcomes

59 Pages Posted: 1 Apr 2005

See all articles by Jon Stern

Jon Stern

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics

John S. Cubbin

City University London - Department of Economics

Date Written: March 2005

Abstract

The paper reviews a number of studies of the effectiveness of utility regulatory agency and governance arrangements for the electricity industry, particularly for developing countries. It discusses governance criteria and their measurement, both legal frameworks and surveys of regulatory practice. It also discusses the results from econometric studies of effectiveness for regulatory agencies in the electricity and telecommunications industries and compares these with the results from econometric studies of independent central banks and their governance. The paper concludes with a discussion of policy implications and also of priorities for information collection to improve understanding of these issues.

Suggested Citation

Stern, Jon and Cubbin, John S., Regulatory Effectiveness: The Impact of Regulation and Regulatory Governance Arrangements on Electricity Industry Outcomes (March 2005). World Bank Policy Research Working Paper No. 3536. Available at SSRN: https://ssrn.com/abstract=695386

Jon Stern (Contact Author)

City, University of London - Centre for Competition and Regulatory Policy - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

John S. Cubbin

City University London - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

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