Regulation by Contract: A New Way to Privatize Electricity Distribution? by Bernard Tenenbaum , Fiona Woolf , Tonci Bakovic Price: $ 15.00 Available Immediately
English 104 pages 7 x 10 Published October 2003 by World Bank ISBN: 0-8213-5592-9 SKU: 15592 In many developing countries, both governments and investors have expressed disappointment with the performance of recently privatized electricity distribution companies. Some investors claim that the design of the new regulatory system is fundamentally flawed and recommend that independent regulatory commissions be replaced or supplemented by more explicit "regulation by contract" that would reduce the discretion of new commissions. This paper examines whether regulation by contract or a combination of regulation by contract and regulatory independence would provide a better regulatory system for developing and transition economy countries that wish to privatize distribution systems. "...pulls together a vast amount of country cases to identify key issues and approaches for addressing political tension and economic trade-offs. You can be sure that we will incorporate the insights into the PURC/World Bank Training Course - for energy regulators, but also for other sectors facing similar issues - especially water." Professor Sanford Berg, Director Public Utility Research Center, University of Florida ".combines insight, curiosity and common sense.I have recommended this paper wherever I go." Beatriz Arizu, Director of Regulatory Studies Mercados Energéticos, S.A. "This is an excellent, informative and useful paper. I learned a lot - and relatively painlessly, too." Robert T. Crow, Former Chief Economist The Bechtel Group, Inc.
