Institutional Designs and Regulatory Reforms in the Energy Industries
Article from: OGEL 3 (2004), in Energy, Institutional Reforms and Development in Latin America
Introduction
In recent decades, many countries reformed their infrastructure industries, referring to these reforms as deregulation policies. Thus, it seems quite paradoxical that regulatory issues became more important after the introduction of so-called 'deregulation' policies. For the purpose of this paper, deregulation means simply the end of institutional barriers to entry that have protected monopolistic utilities from competition. According to Majone (1998, p212), 'this paradoxical combination of deregulation and re-regulation is what is usually meant by regulatory reform'. From this point of ...