Progress Review of Latvia’s Public Utilities Commission

Driving Performance

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Regulators act as “market referees”, balancing often competing interests of stakeholders in the sector, including governments, current and future actors in the markets, and consumers. At the same time, markets are changing at an unprecedented pace due to new technologies, the international drive toward carbon-neutral economies, shifts in consumer needs and preferences, and, most recently, the profound changes brought by the coronavirus pandemic. Assessing the performance of economic regulators must therefore be a continuous process.

This progress review evaluates the changes put in place by Latvia’s Public Utilities Commission since the previous OECD performance assessment review in 2016, in the interest of increasing the effectiveness of its regulatory activities and improving final outcomes for consumers and the economy.



Economic regulators exist because the sectors they regulate matter – to consumers, public and private investors, policy makers and the wider economy and society. They are instrumental in delivering good regulatory outcomes in sectors such as energy, transport, e-communications and water. They do so through balancing diverse and often competing interests, with the ultimate aim of creating a regulatory framework that allows for stability, predictability, fairness and better outcomes.


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