Publication: Utility Regulators : Supporting Nascent Institutions in the Developing World
Date
1998-09
ISSN
Published
1998-09
Author(s)
Gray, Philip
Abstract
The wave of infrastructure privatization
sweeping the world over the past decade or so has given rise
to a new category of professional - the specialist utility
regulator. These regulators, charged with administering
regulatory frameworks that seek to balance the interests of
consumers and investors in technically complex and
politically sensitive industries, can have a major impact on
the performance of privatized firms, on the cost of
investment capital (and thus on infrastructure tariffs), and
on the sustainability of reforms. For this reason the
development of professional, capable utility regulators
should be a key part of reform efforts. While new regulators
in any country can expect to face many difficulties, the
challenges are particularly daunting for regulators in
developing countries. This Note reviews those challenges and
presents some of the main strategies for supporting new
utility regulators in the developing world.
Citation
“Gray, Philip. 1998. Utility Regulators : Supporting Nascent Institutions in the Developing World. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/d9108e4c-4bb8-5f44-87f4-d63a3206ecf0 License: CC BY 3.0 IGO.”
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