World Bank Working Papers 14 English; Paperback; 104 pages; 7x10
Published October 6, 2003 by World Bank
ISBN: 978-0-8213-5592-3; 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.