Effective Regulation: Do Today’s Regulators Have What It Takes?

What a difference 30 years makes.  In the late 1970s, utilities built infrastructure, sold energy, proposed rate increases.  Commissions approved projects and set rates.  Their mission was to protect customers from monopoly abuse—from inefficiency, sloth, cost overruns, excess rates.  Today's commissions are not only consumer protectors, they are market makers, program designers, investment fund collectors, renewable energy incubators, energy efficiency promoters, hosts of interest group gatherings, resolvers of stakeholder differences, even political shields for executives and legislators paralyzed by the complexity of it all.

This paper, published by the National Regulatory Research Institute, describes the attributes and actions that effective regulators must develop and undertake, to respond and anticipate today's multiplicity of regulatory challenges.