Enhancing Effective Regulation of Infrastructure and Utility Services Hamid Sharif Assistant General Counsel Office of the...
Infrastructure Development <ul><li>Delivery of basic services </li></ul><ul><li>Supports economic growth </li></ul><ul><li...
Effective regulation is needed for improved infrastructure development <ul><li>Efficient delivery of quality infrastructur...
Regulatory Framework <ul><li>Regulatory governance  </li></ul><ul><li>Regulatory substance </li></ul>
Regulatory Governance <ul><li>The “how” of regulation, this includes: </li></ul><ul><li>design of regulatory system </li><...
Regulatory Substance <ul><li>The “what” of regulation, this includes: </li></ul><ul><li>decisions on tariffs </li></ul><ul...
Regulatory Framework <ul><li>Formal aspects : laws, regulations, rules, structures, and tariff-setting </li></ul><ul><li>I...
Obstacles to Effective Regulation <ul><li>Information asymmetry </li></ul><ul><li>Market failure </li></ul><ul><li>Politic...
Actors and Beneficiaries of  Regulatory Reform <ul><li>Policy makers </li></ul><ul><li>Investors </li></ul><ul><li>Consume...
Good governance is key  to effective regulation <ul><li>Clarity of roles and objectives </li></ul><ul><li>Autonomy </li></...
Regulatory Reform Experience <ul><li>Singapore: Electricity Act 2001 </li></ul><ul><li>Malaysia: Energy Commission Act 200...
Reforms had mixed results <ul><li>Legal and policy  reforms </li></ul><ul><li>Establishment of  an independent regulator <...
<ul><li>There is a need to evaluate regulatory reform  to improve infrastructure and utility services  in developing count...
Output <ul><li>Identification of successes  and obstacles to effective infrastructure regulation </li></ul><ul><li>Establi...
Benefits <ul><li>Best practices identified </li></ul><ul><li>Develop sustainable practices </li></ul><ul><li>Improved desi...
For More Information Hamid Sharif [email_address] www.adb.org
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Enhancing Effective Regulation of Infastructure and Utility Services

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Enhancing Effective Regulation of Infastructure and Utility Services

  1. 1. Enhancing Effective Regulation of Infrastructure and Utility Services Hamid Sharif Assistant General Counsel Office of the General Counsel Regulatory Forum on Clean Energy, Good Governance, and Regulation 16 - 18 Mar 2008, Singapore
  2. 2. Infrastructure Development <ul><li>Delivery of basic services </li></ul><ul><li>Supports economic growth </li></ul><ul><li>Encourages pro-poor development </li></ul><ul><li>Promotes sustainable infrastructure </li></ul>
  3. 3. Effective regulation is needed for improved infrastructure development <ul><li>Efficient delivery of quality infrastructure and utility services </li></ul><ul><li>Lower tariffs rates </li></ul><ul><li>Attractive investment opportunity </li></ul>
  4. 4. Regulatory Framework <ul><li>Regulatory governance </li></ul><ul><li>Regulatory substance </li></ul>
  5. 5. Regulatory Governance <ul><li>The “how” of regulation, this includes: </li></ul><ul><li>design of regulatory system </li></ul><ul><li>institutional arrangements </li></ul><ul><li>process of decision making </li></ul>
  6. 6. Regulatory Substance <ul><li>The “what” of regulation, this includes: </li></ul><ul><li>decisions on tariffs </li></ul><ul><li>quality </li></ul><ul><li>accounting </li></ul><ul><li>investment </li></ul><ul><li>social obligations </li></ul>
  7. 7. Regulatory Framework <ul><li>Formal aspects : laws, regulations, rules, structures, and tariff-setting </li></ul><ul><li>Informal attributes : how the formal aspects work in practice </li></ul>
  8. 8. Obstacles to Effective Regulation <ul><li>Information asymmetry </li></ul><ul><li>Market failure </li></ul><ul><li>Political capture </li></ul><ul><li>Weak capacity </li></ul><ul><li>Ineffective consumer participation </li></ul>
  9. 9. Actors and Beneficiaries of Regulatory Reform <ul><li>Policy makers </li></ul><ul><li>Investors </li></ul><ul><li>Consumers </li></ul><ul><li>Environment </li></ul><ul><li>Other stakeholders </li></ul>
  10. 10. Good governance is key to effective regulation <ul><li>Clarity of roles and objectives </li></ul><ul><li>Autonomy </li></ul><ul><li>Participation </li></ul><ul><li>Autonomy </li></ul><ul><li>Transparency </li></ul><ul><li>Predictability </li></ul><ul><li>Non-discrimination </li></ul><ul><li>Proportionality </li></ul><ul><li>Requisite powers </li></ul><ul><li>Appropriate institutional characteristics </li></ul><ul><li>Integrity </li></ul>
  11. 11. Regulatory Reform Experience <ul><li>Singapore: Electricity Act 2001 </li></ul><ul><li>Malaysia: Energy Commission Act 2001 </li></ul><ul><li>Philippines: Electric Power Industry Reform Act 2002 </li></ul><ul><li>Indonesia: Electricity Reform Law 2002 (overturned by Constitutional Courts) </li></ul>
  12. 12. Reforms had mixed results <ul><li>Legal and policy reforms </li></ul><ul><li>Establishment of an independent regulator </li></ul><ul><li>Lower tariff rates </li></ul><ul><li>More investors </li></ul><ul><li>Slow implementation of laws </li></ul><ul><li>Regulator not fully independent </li></ul><ul><li>Higher tariffs </li></ul><ul><li>Lack of investors </li></ul>
  13. 13. <ul><li>There is a need to evaluate regulatory reform to improve infrastructure and utility services in developing countries. </li></ul>
  14. 14. Output <ul><li>Identification of successes and obstacles to effective infrastructure regulation </li></ul><ul><li>Establishment of ASEAN regulatory forum </li></ul>
  15. 15. Benefits <ul><li>Best practices identified </li></ul><ul><li>Develop sustainable practices </li></ul><ul><li>Improved design of regulatory framework </li></ul><ul><li>Improve operational procedures for more cost efficient and socially responsible outcomes </li></ul>
  16. 16. For More Information Hamid Sharif [email_address] www.adb.org
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