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Similaire à Regulatory Affairs
Similaire à Regulatory Affairs (7)
Plus de Vlerick Business School & Florence School of Regulation
Plus de Vlerick Business School & Florence School of Regulation (7)
Regulatory Affairs
- 2. BACKGROUND
“If
you
put
the
federal
government
in
charge
of
the
Sahara
Desert,
in
five
years
there
would
be
a
shortage
of
sand.”
“The
government
solu0on
to
a
problem
is
usually
as
bad
as
the
problem.”
©
Vlerick
Business
School
2
- 3. ENERGY
SECTOR
REFORM
Production
Transport
Competitive activities
Production
Wholesale
Transport
©
Vlerick
Business
School
3
Distribution
Consumer
Monopolistic activities
Retail
Distribution
Consumer
- 4. REGULATORY
AFFAIRS
§ Why
regulate?
§ What
is
good
regula:on?
§ What
is
a
good
regulatory
authority?
4
©
Vlerick
Business
School
- 7. WHAT
IS
A
GOOD
REGULATORY
AUTHORITY
7
©
Vlerick
Business
School
- 8. TAKE
WAY
MESSAGES
§ Good
regula:on
addresses
market
failures
(without
making
it
worse);
the
energy
sector
provides
textbook
examples
§ Energy
Regulators
are
ins:tu:ons
created
by
government
to
implement
sector
specific
regula:ons
§ Good
regulatory
authori:es
§ Are
independent
from
government
and
from
industry
to
avoid
government
failures
(regulatory
capture
&
holdup)
§ Have
adequate
powers
(to
monitor,
decide,
and
enforce),
resources
to
use
these
powers
(people
and
budget),
while
also
remaining
accountable
8
©
Vlerick
Business
School