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...

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Main Author:	Smith, Warrick
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	DENATIONALIZATION GOVERNMENT REGULATION ENERGY MANAGEMENT ACCOUNTABILITY ASSURANCE AUTHORITY CIVIL SERVICE CONSENSUS CONSTITUENCY CONSUMERS CORRUPTION COST OF CAPITAL DECISIONMAKING DISCRETIONARY POWERS EXPROPRIATION EXTERNAL AUDITORS LAWS LEGISLATURE LEGITIMACY MARKET POWER MINISTERS ORGANIZATIONAL AUTONOMY POLITICAL CONTROL POLITICAL INTERFERENCE PREMIUMS PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS PUBLIC INSTITUTIONS REGULATORY AGENCIES REGULATORY SYSTEMS STATE ENTERPRISE STATE ENTERPRISES TECHNOLOGICAL CHANGE TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/en/1997/10/441720/utility-regulators-independence-debate http://hdl.handle.net/10986/11570

id	okr-10986-11570
recordtype	oai_dc
spelling	okr-10986-115702021-06-14T11:03:20Z Utility Regulators : The Independence Debate Smith, Warrick DENATIONALIZATION GOVERNMENT REGULATION ENERGY MANAGEMENT ACCOUNTABILITY ASSURANCE AUTHORITY CIVIL SERVICE CONSENSUS CONSTITUENCY CONSUMERS CORRUPTION COST OF CAPITAL DECISIONMAKING DISCRETIONARY POWERS EXPROPRIATION EXTERNAL AUDITORS LAWS LEGISLATURE LEGITIMACY MARKET POWER MINISTERS ORGANIZATIONAL AUTONOMY POLITICAL CONTROL POLITICAL INTERFERENCE PREMIUMS PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS PUBLIC INSTITUTIONS REGULATORY AGENCIES REGULATORY SYSTEMS STATE ENTERPRISE STATE ENTERPRISES TECHNOLOGICAL CHANGE TRANSPARENCY 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. 2012-08-13T15:25:27Z 2012-08-13T15:25:27Z 1997-10 http://documents.worldbank.org/curated/en/1997/10/441720/utility-regulators-independence-debate Viewpoint. -- Note no. 127 (October 1997) http://hdl.handle.net/10986/11570 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DENATIONALIZATION GOVERNMENT REGULATION ENERGY MANAGEMENT ACCOUNTABILITY ASSURANCE AUTHORITY CIVIL SERVICE CONSENSUS CONSTITUENCY CONSUMERS CORRUPTION COST OF CAPITAL DECISIONMAKING DISCRETIONARY POWERS EXPROPRIATION EXTERNAL AUDITORS LAWS LEGISLATURE LEGITIMACY MARKET POWER MINISTERS ORGANIZATIONAL AUTONOMY POLITICAL CONTROL POLITICAL INTERFERENCE PREMIUMS PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS PUBLIC INSTITUTIONS REGULATORY AGENCIES REGULATORY SYSTEMS STATE ENTERPRISE STATE ENTERPRISES TECHNOLOGICAL CHANGE TRANSPARENCY
spellingShingle	DENATIONALIZATION GOVERNMENT REGULATION ENERGY MANAGEMENT ACCOUNTABILITY ASSURANCE AUTHORITY CIVIL SERVICE CONSENSUS CONSTITUENCY CONSUMERS CORRUPTION COST OF CAPITAL DECISIONMAKING DISCRETIONARY POWERS EXPROPRIATION EXTERNAL AUDITORS LAWS LEGISLATURE LEGITIMACY MARKET POWER MINISTERS ORGANIZATIONAL AUTONOMY POLITICAL CONTROL POLITICAL INTERFERENCE PREMIUMS PRIVATE PROPERTY PRIVATIZATION PROPERTY RIGHTS PUBLIC INSTITUTIONS REGULATORY AGENCIES REGULATORY SYSTEMS STATE ENTERPRISE STATE ENTERPRISES TECHNOLOGICAL CHANGE TRANSPARENCY Smith, Warrick Utility Regulators : The Independence Debate
relation	Viewpoint
description	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.
format	Publications & Research :: Viewpoint
author	Smith, Warrick
author_facet	Smith, Warrick
author_sort	Smith, Warrick
title	Utility Regulators : The Independence Debate
title_short	Utility Regulators : The Independence Debate
title_full	Utility Regulators : The Independence Debate
title_fullStr	Utility Regulators : The Independence Debate
title_full_unstemmed	Utility Regulators : The Independence Debate
title_sort	utility regulators : the independence debate
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1997/10/441720/utility-regulators-independence-debate http://hdl.handle.net/10986/11570
_version_	1764417212040347648

Utility Regulators : The Independence Debate

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