0
©	
  Vlerick	
  Business	
  School	
  
BACKGROUND	
  
“If	
  you	
  put	
  the	
  federal	
  
government	
  in	
  charge	
  of	
  
the	
  Sahara	
  Desert,	
  in...
ENERGY	
  SECTOR	
  REFORM	
  

Production

Transport

Competitive activities

Production

Wholesale

Transport

©	
  Vler...
REGULATORY	
  AFFAIRS	
  
§ Why	
  regulate?	
  
§ What	
  is	
  good	
  regula:on?	
  
§ What	
  is	
  a	
  good	
  re...
WHY	
  REGULATE	
  

5	
  

©	
  Vlerick	
  Business	
  School	
  
WHAT	
  IS	
  GOOD	
  REGULATION	
  

6	
  

©	
  Vlerick	
  Business	
  School	
  
WHAT	
  IS	
  A	
  GOOD	
  REGULATORY	
  AUTHORITY	
  

7	
  

©	
  Vlerick	
  Business	
  School	
  
TAKE	
  WAY	
  MESSAGES	
  
§ Good	
  regula:on	
  addresses	
  market	
  failures	
  (without	
  making	
  
it	
  worse)...
leonardo.meeus@vlerick.com	
  
	
  

	
  LeonardoMeeus	
  
	
  
	
  

THANK	
  YOU!	
  

9	
  
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Regulatory Affairs

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Transcript of "Regulatory Affairs"

  1. 1. ©  Vlerick  Business  School  
  2. 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. 3. ENERGY  SECTOR  REFORM   Production Transport Competitive activities Production Wholesale Transport ©  Vlerick  Business  School   3   Distribution Consumer Monopolistic activities Retail Distribution Consumer
  4. 4. REGULATORY  AFFAIRS   § Why  regulate?   § What  is  good  regula:on?   § What  is  a  good  regulatory  authority?   4   ©  Vlerick  Business  School  
  5. 5. WHY  REGULATE   5   ©  Vlerick  Business  School  
  6. 6. WHAT  IS  GOOD  REGULATION   6   ©  Vlerick  Business  School  
  7. 7. WHAT  IS  A  GOOD  REGULATORY  AUTHORITY   7   ©  Vlerick  Business  School  
  8. 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  
  9. 9. leonardo.meeus@vlerick.com      LeonardoMeeus       THANK  YOU!   9  
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