Utility Regulators—The Independence Debate
نویسنده
چکیده
Warrick Smith The global trend of utility privatization has pushed regulatory issues to the fore, among them the role of regulatory agencies. These agencies have a long history in the United States, and creating or strengthening them has become a central goal of reforms around the world. But many issues remain contentious, particularly the notion of agency independence. Some governments are reluctant to surrender political control over regulatory decisions. And even those who agree on the desirability of independent agencies may question whether they are feasible or appropriate in all country settings. This Note considers the debate over the independence of utility regulators, focusing on the position of developing countries.
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