Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis
This paper focuses on an evaluation and benchmarking of the governance of regulatory agencies in the electricity sector in Latin American Countries (LAC). Using a unique database, we develop an index of regulatory governance and rank all the agenci...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/11/8665282/assessing-governance-electricity-regulatory-agencies-latin-american-caribbean-region-benchmarking-analysis http://hdl.handle.net/10986/7575 |
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okr-10986-75752021-04-23T14:02:34Z Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis Andres, Luis Guasch, José Luis Diop, Makhtar Azumendi, Sebastián Lopez ACCOUNTABILITY ADMINISTRATIVE PROCEDURES AUDITING AUDITS AUTHORITY AUTHORIZATION AUTONOMOUS MANAGEMENT BANKS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL BANKS CITIZENS CIVIL SERVICE COMPLAINTS CONFLICT OF INTEREST COUNTRY ANALYSIS DECISION MAKERS DECISION-MAKING DECISION-MAKING PROCESS DECISIONMAKING STRUCTURES DECREE DEGREE OF AUTONOMY DISCLOSURE DUE PROCESS ELECTRICITY SERVICES ETHICS FINANCIAL AUTONOMY GOOD GOVERNANCE GOVERNANCE EFFECTIVENESS GOVERNANCE INDICATOR GOVERNANCE INDICATORS GOVERNANCE PERFORMANCE GOVERNANCE QUALITY GOVERNANCE VARIABLES GOVERNMENT ACTION GOVERNMENT AUTHORITIES GOVERNMENT EFFECTIVENESS INCOME INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INFORMATION INSTITUTIONAL QUALITY INSTITUTIONAL STAKEHOLDERS INSTITUTIONAL VARIABLES INTEGRITY JUDICIAL REVIEW JUDICIARY LABOR PRODUCTIVITY LATIN AMERICAN LAWS LEGAL PROVISIONS LEGISLATIVE PROCESS LEGISLATIVE PROCESSES MACROECONOMIC DETERMINANTS MANAGERIAL AUTONOMY MANDATES MERITOCRACY MINISTER MINISTERS ORGANIZATIONAL AUTONOMY PARLIAMENT PARLIAMENTARY OVERSIGHT POLITICAL INTERFERENCE PUBLIC ADMINISTRATION PUBLIC HEARINGS PUBLIC OFFICIAL PUBLIC SECTOR PUBLIC SECTOR BUREAUCRACY PUBLIC SECTOR GOVERNANCE PUBLIC SERVICES REGIONAL ANALYSIS REGULATORY AGENCY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY OBJECTIVES REGULATORY OUTCOMES REGULATORY POLICIES REGULATORY POLICY REGULATORY POWER REGULATORY POWERS REGULATORY QUALITY REGULATORY SYSTEM RETIREMENT RULE OF LAW SANCTIONS TRANSPARENCY TRANSPARENCY TOOLS TRANSPORT TRINIDAD AND TOBAGO UNDUE INFLUENCE VETO This paper focuses on an evaluation and benchmarking of the governance of regulatory agencies in the electricity sector in Latin American Countries (LAC). Using a unique database, we develop an index of regulatory governance and rank all the agencies in the LAC countries. The index is an aggregate number of the evaluation of four key governance characteristics: autonomy, transparency, accountability, and regulatory tools, including not only formal aspects of regulation but also indicators related to actual implementation. Based on 18 different indexes, we analyze the positions of agencies with regard to different aspects of their regulatory governance, considering not only performance in each variable but also scores in the different components of each category. This evaluation allows for the identification of particular country shortcomings regarding governance, and indicates needed improvements. Although the region shows an overall good governance design of their regulatory agencies, the implementation of the independent regulator model still faces several challenges. This is particularly evident in political autonomy and in the informal aspects of governance, where the region shows the largest number of countries with the lowest scores. Trinidad and Tobago and Brazil show the best results and Ecuador, Honduras, and Chile the poorest performances. The rest of the countries vary according to the different indexes. We give each governance variable equal weights and positively test the robustness of our approach using Principal Component Analysis. 2012-06-08T19:26:24Z 2012-06-08T19:26:24Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/8665282/assessing-governance-electricity-regulatory-agencies-latin-american-caribbean-region-benchmarking-analysis http://hdl.handle.net/10986/7575 English Policy Research Working Paper; No. 4380 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ADMINISTRATIVE PROCEDURES AUDITING AUDITS AUTHORITY AUTHORIZATION AUTONOMOUS MANAGEMENT BANKS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL BANKS CITIZENS CIVIL SERVICE COMPLAINTS CONFLICT OF INTEREST COUNTRY ANALYSIS DECISION MAKERS DECISION-MAKING DECISION-MAKING PROCESS DECISIONMAKING STRUCTURES DECREE DEGREE OF AUTONOMY DISCLOSURE DUE PROCESS ELECTRICITY SERVICES ETHICS FINANCIAL AUTONOMY GOOD GOVERNANCE GOVERNANCE EFFECTIVENESS GOVERNANCE INDICATOR GOVERNANCE INDICATORS GOVERNANCE PERFORMANCE GOVERNANCE QUALITY GOVERNANCE VARIABLES GOVERNMENT ACTION GOVERNMENT AUTHORITIES GOVERNMENT EFFECTIVENESS INCOME INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INFORMATION INSTITUTIONAL QUALITY INSTITUTIONAL STAKEHOLDERS INSTITUTIONAL VARIABLES INTEGRITY JUDICIAL REVIEW JUDICIARY LABOR PRODUCTIVITY LATIN AMERICAN LAWS LEGAL PROVISIONS LEGISLATIVE PROCESS LEGISLATIVE PROCESSES MACROECONOMIC DETERMINANTS MANAGERIAL AUTONOMY MANDATES MERITOCRACY MINISTER MINISTERS ORGANIZATIONAL AUTONOMY PARLIAMENT PARLIAMENTARY OVERSIGHT POLITICAL INTERFERENCE PUBLIC ADMINISTRATION PUBLIC HEARINGS PUBLIC OFFICIAL PUBLIC SECTOR PUBLIC SECTOR BUREAUCRACY PUBLIC SECTOR GOVERNANCE PUBLIC SERVICES REGIONAL ANALYSIS REGULATORY AGENCY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY OBJECTIVES REGULATORY OUTCOMES REGULATORY POLICIES REGULATORY POLICY REGULATORY POWER REGULATORY POWERS REGULATORY QUALITY REGULATORY SYSTEM RETIREMENT RULE OF LAW SANCTIONS TRANSPARENCY TRANSPARENCY TOOLS TRANSPORT TRINIDAD AND TOBAGO UNDUE INFLUENCE VETO |
| spellingShingle |
ACCOUNTABILITY ADMINISTRATIVE PROCEDURES AUDITING AUDITS AUTHORITY AUTHORIZATION AUTONOMOUS MANAGEMENT BANKS BUREAUCRACY BUREAUCRATIC QUALITY CENTRAL BANKS CITIZENS CIVIL SERVICE COMPLAINTS CONFLICT OF INTEREST COUNTRY ANALYSIS DECISION MAKERS DECISION-MAKING DECISION-MAKING PROCESS DECISIONMAKING STRUCTURES DECREE DEGREE OF AUTONOMY DISCLOSURE DUE PROCESS ELECTRICITY SERVICES ETHICS FINANCIAL AUTONOMY GOOD GOVERNANCE GOVERNANCE EFFECTIVENESS GOVERNANCE INDICATOR GOVERNANCE INDICATORS GOVERNANCE PERFORMANCE GOVERNANCE QUALITY GOVERNANCE VARIABLES GOVERNMENT ACTION GOVERNMENT AUTHORITIES GOVERNMENT EFFECTIVENESS INCOME INSTITUTIONAL ARRANGEMENT INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INFORMATION INSTITUTIONAL QUALITY INSTITUTIONAL STAKEHOLDERS INSTITUTIONAL VARIABLES INTEGRITY JUDICIAL REVIEW JUDICIARY LABOR PRODUCTIVITY LATIN AMERICAN LAWS LEGAL PROVISIONS LEGISLATIVE PROCESS LEGISLATIVE PROCESSES MACROECONOMIC DETERMINANTS MANAGERIAL AUTONOMY MANDATES MERITOCRACY MINISTER MINISTERS ORGANIZATIONAL AUTONOMY PARLIAMENT PARLIAMENTARY OVERSIGHT POLITICAL INTERFERENCE PUBLIC ADMINISTRATION PUBLIC HEARINGS PUBLIC OFFICIAL PUBLIC SECTOR PUBLIC SECTOR BUREAUCRACY PUBLIC SECTOR GOVERNANCE PUBLIC SERVICES REGIONAL ANALYSIS REGULATORY AGENCY REGULATORY BODY REGULATORY FRAMEWORK REGULATORY INSTITUTIONS REGULATORY INSTRUMENTS REGULATORY OBJECTIVES REGULATORY OUTCOMES REGULATORY POLICIES REGULATORY POLICY REGULATORY POWER REGULATORY POWERS REGULATORY QUALITY REGULATORY SYSTEM RETIREMENT RULE OF LAW SANCTIONS TRANSPARENCY TRANSPARENCY TOOLS TRANSPORT TRINIDAD AND TOBAGO UNDUE INFLUENCE VETO Andres, Luis Guasch, José Luis Diop, Makhtar Azumendi, Sebastián Lopez Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| geographic_facet |
Latin America & Caribbean |
| relation |
Policy Research Working Paper; No. 4380 |
| description |
This paper focuses on an evaluation and
benchmarking of the governance of regulatory agencies in the
electricity sector in Latin American Countries (LAC). Using
a unique database, we develop an index of regulatory
governance and rank all the agencies in the LAC countries.
The index is an aggregate number of the evaluation of four
key governance characteristics: autonomy, transparency,
accountability, and regulatory tools, including not only
formal aspects of regulation but also indicators related to
actual implementation. Based on 18 different indexes, we
analyze the positions of agencies with regard to different
aspects of their regulatory governance, considering not only
performance in each variable but also scores in the
different components of each category. This evaluation
allows for the identification of particular country
shortcomings regarding governance, and indicates needed
improvements. Although the region shows an overall good
governance design of their regulatory agencies, the
implementation of the independent regulator model still
faces several challenges. This is particularly evident in
political autonomy and in the informal aspects of
governance, where the region shows the largest number of
countries with the lowest scores. Trinidad and Tobago and
Brazil show the best results and Ecuador, Honduras, and
Chile the poorest performances. The rest of the countries
vary according to the different indexes. We give each
governance variable equal weights and positively test the
robustness of our approach using Principal Component Analysis. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Andres, Luis Guasch, José Luis Diop, Makhtar Azumendi, Sebastián Lopez |
| author_facet |
Andres, Luis Guasch, José Luis Diop, Makhtar Azumendi, Sebastián Lopez |
| author_sort |
Andres, Luis |
| title |
Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| title_short |
Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| title_full |
Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| title_fullStr |
Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| title_full_unstemmed |
Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis |
| title_sort |
assessing the governance of electricity regulatory agencies in the latin american and the caribbean region : a benchmarking analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/11/8665282/assessing-governance-electricity-regulatory-agencies-latin-american-caribbean-region-benchmarking-analysis http://hdl.handle.net/10986/7575 |
| _version_ |
1764402519874732032 |