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Driving Performance at Peru's Energy and Mining Regulator

image of Driving Performance at Peru's Energy and Mining Regulator

As “market referees”, regulators contribute to the delivery of essential public utilities. Their organisational culture, behaviour and governance are important factors in how regulators, and the sectors they oversee, perform. The report uses the OECD Performance Assessment Framework for Economic Regulators to assess both the internal and external governance of Peru's Energy and Mining Regulator (Osinergmin). The review discusses Osinergmin's achievements and good practices, analyses the key drivers of its performance, and proposes an integrated reform package to help the regulator prepare for the future.

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Assessment and recommendations

This assessment and recommendations chapter focuses on the external and internal governance arrangements of Peru’s energy and mining infrastructure regulator (Osinergmin), and presents policy recommendations that aim to improve the performance of the regulator. The review finds that Osinergmin’s key challenge is to build on widespread recognition of its technical competency and autonomy and strive for greater institutional maturity. This requires renewed attention to external governance arrangements, such as co-ordination mechanisms and greater accountability, aiming for constructive dialogue with all stakeholders. It also calls for internal organisational frameworks, management systems and capabilities to evolve so that Osinergmin can continue to tackle current and emerging challenges effectively. In doing so, the regulator will evolve from a reactive organisation, competently able to address emergencies and resolve crises, to a proactive institution with a vision for the energy and mining sectors and a relationship of trust with key stakeholders.

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