“Regulation is a powerful tool for resolving the access problems in regard to key utilities such as electricity and oil and gas. Consumers in developing countries such as India are plagued by unaffordability and inadequate infrastructure for supply.” These were the words of S L Rao, former Director General, National Council for Applied Economic Research (NCAER) and Chairman, Central Electricity Regulatory Commission (CERC), while speaking at a conference cum symposium on Quality of Regulation organized in New Delhi by CUTS International, a leading think tank working on economic and regulatory issues.
Regulation is crucial for welfare implications in the infrastructure sector. Keeping this in mind, this first of its kind conference showcased papers from three developing countries from different corners of the globe – Brazil, India and Kenya.
These papers supported by CUTS highlighted the common problems facing regulation of electricity and oil and gas sectors in these three economies. Both sectors are vital cogs in the development machinery of economies but are still evolving in developing countries.
The papers were presented by their respective authors who hail from the countries of study and are acknowledged experts in the studied field. This is a first of its kind attempt to collate and compare reviews of sectoral regulation to offer a forward looking perspective.
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