The Governance of Regulators

2415-1440 (online)
2415-1432 (print)
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As “market referees”, regulators need to be constantly alert, monitoring trends as well as assessing the impact of their decisions. What should be measured? Is it possible to attribute impacts to regulators’ decisions? How to make effective use of what is measured? How should the organisational structure and governance be optimised? Addressing these questions effectively can ultimately determine whether trains will run on time, there is clean water in the tap, lights switch on, the telephone and internet work and there is cash in the ATM machines. To help regulators in their quest to better evaluate their performance, the OECD has developed a Performance Assessment Framework for Economic Regulators (PAFER) that looks at the institutions, processes and practices that help regulators improve their organisational impact, based on the premise that governance matters for the performance of regulators.

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The Role of Economic Regulators in the Governance of Infrastructure

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20 Mar 2017
9789264272804 (PDF) ;9789264272651(print)

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Economic regulators are responsible for ensuring that infrastructure services are delivered efficiently, where competition on its own is unable to achieve this outcome. Based on a survey of 34 economic regulators covering 77 sectors and subsectors including energy, transport, communications and water, this report explores how economic regulators carry out this task, and suggests how this experience can be usefully applied in the governance of infrastructure more broadly.

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  • Foreword and acknowledgements

    Infrastructure is vital for all citizens and businesses, providing essential services ranging from clean water to energy, roads and public buildings such as schools and hospitals. The governance of infrastructure supports all stages in the infrastructure lifecycle (from the identification of needs to decommission), underpinning delivery of those services. When governance arrangements fall short, this can lead to projects failing to meet their deadlines, budget, or service delivery objectives resulting in poor outcomes.

  • Acronyms and abbreviations
  • Executive summary

    The “governance of infrastructure” is the processes, tools, and norms of interaction, decision making and monitoring used by government organisations and their counterparts to make infrastructure services available to the public and the public sector. Governments are often involved in the delivery of infrastructure services, from hospitals to utilities such as energy, water, communications and transport.

  • Economic regulators and the governance of infrastructure

    Economic regulators have been involved in administering regulation to public infrastructure for some time. This chapter explains sets out the rationale for investigating the role of economic regulators in the governance of infrastructure in light of the OECD’s work in exploring the governance of public infrastructure.

  • The survey results in detail

    In order to better understand the role of economic regulators in the governance of infrastructure the survey sought information and on a number of aspects of economic regulators, the infrastructure industries they regulate, and the relationship between economic regulators and the infrastructure industries that they regulate. These included: roles and functions; infrastructure delivery mode and cost recovery; the involvement of economic regulators in the infrastructure life-cycle; infrastructure needs; how economic regulators use data in delivering their mandate; change and the involvement of economic regulators in the policy development process; and the challenges currently facing economic regulators.

  • Survey participants
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