The past seven years have borne out the skepticism surrounding regulation of state-owned entities. There are strong reasons to question the autonomy and institutional integrity of regulatory bodies, the regulatory selection process, regulators’capacities, and the robustness of the governance framework within which they interact with other stakeholders in performing their tasks.
This paper will examine in-depth the structure and practice of good governance in electricity regulation in four states in India, with a focus on the relationship between regulatory process and regulatory governance. A related objective of this research is to explore practical and effective modes of public involvement in regulatory rulemaking.
The purpose is to provide concrete recommendations for improving regulatory efficacy in the Indian power sector.