The paper analyses the existing regulatory framework for the electricity and renewables sectors, and the role of regulatory agencies in Northern Africa and Middle East countries, under the promotion by the European Union. Using data collected through an original survey directed at regulators, ministry departments and energy companies of the southern Mediterranean, the study is aimed at assessing the extent of agencies’ independence looking at three main dimensions of independence: regulatory instruments available to regulators and decision making autonomy; regulators’ organizational autonomy; regulators accountability. Results show that those countries having established an independent regulator have a more credible regulatory framework than those countries in which such body does not exist. In particular, the analysis shows that Turkey, Croatia and Jordan have defined a regulatory framework that limits administrative expropriation and, consequently, creates an environment more suitable for attracting investments in the electricity and renewables sector. On the institutional ground, this is probably related with the harmonization of regulatory standards promoted by the European Union through the neighbouring policy, for the Jordan case, and the membership perspective, in the Turkish and Croatian case.

Independent Regulatory Agencies and Rules Harmonization for the Electricity Sector and Renewables in the Mediterranean Region / Cambini, Carlo; Franzi, D.. - In: ENERGY POLICY. - ISSN 0301-4215. - STAMPA. - 60:(2013), pp. 179-191. [10.1016/j.enpol.2013.04.078]

Independent Regulatory Agencies and Rules Harmonization for the Electricity Sector and Renewables in the Mediterranean Region

CAMBINI, CARLO;
2013

Abstract

The paper analyses the existing regulatory framework for the electricity and renewables sectors, and the role of regulatory agencies in Northern Africa and Middle East countries, under the promotion by the European Union. Using data collected through an original survey directed at regulators, ministry departments and energy companies of the southern Mediterranean, the study is aimed at assessing the extent of agencies’ independence looking at three main dimensions of independence: regulatory instruments available to regulators and decision making autonomy; regulators’ organizational autonomy; regulators accountability. Results show that those countries having established an independent regulator have a more credible regulatory framework than those countries in which such body does not exist. In particular, the analysis shows that Turkey, Croatia and Jordan have defined a regulatory framework that limits administrative expropriation and, consequently, creates an environment more suitable for attracting investments in the electricity and renewables sector. On the institutional ground, this is probably related with the harmonization of regulatory standards promoted by the European Union through the neighbouring policy, for the Jordan case, and the membership perspective, in the Turkish and Croatian case.
File in questo prodotto:
File Dimensione Formato  
Cambini_Franzi Enerpolicy_rev final.pdf

accesso aperto

Descrizione: Borsa Digep
Tipologia: 1. Preprint / submitted version [pre- review]
Licenza: PUBBLICO - Tutti i diritti riservati
Dimensione 192.97 kB
Formato Adobe PDF
192.97 kB Adobe PDF Visualizza/Apri
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11583/2507421
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo