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Narasimha D. Rao

Independent Regulators -The Case of the Indian Electricity Regulator

Developing countries have instituted independent regulators (IRs) since the nineties to oversee reforms in and depoliticize infrastructure sectors. IRs are institutions with appointed members, and a unique blend of rulemaking, administrative and quasi-judicial powers. They are supposed to make decisions through a transparent, participatory process, but also exercise discretion. Yet in practice they often exhibit weak outcomes. In India, IRs regulate state-owned utilities, whose clout with government weakens regulators’ powers in practice.

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