What will be covered?
- To introduce the concept of regulation and provide some different definitions of regulation
- To show that there is no “ideal” way to regulate.
- To outline the major bodies involved in the regulation of energy.
- To outline the new issues raised by the need to develop sustainable energy.
There is no “perfect” regulatory system. Continuous improvements and adjustments
are necessary as it adapts to internal and external changes. A good regulatory
system may take a long time to develop. However, appropriate clarity of
the relationship between government and regulator is crucial to good reduction
of investor risks and protection of consumer’s interests.