Regulatory Affairs

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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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