Equipping agile and autonomous regulators

The governance of regulators

Format:

Corporate Author:

Organisation for Economic Co-operation and Development

Publisher:

OECD

Economic regulators are key to the performance of network sectors such as energy, e-communications, transport and water. They regulate and supervise to ensure sectors that can efficiently deliver essential services for the benefit of society. Operating from a unique position in relation to consumers, operators and government, they provide evidence-based and objective decision making that can build trust in the regulatory system and public institutions. A crucial factor in their ability to do this is their governance, including how they are resourced. Resourcing arrangements can make or break regulators' effectiveness. Constraints in their funding or in their autonomy to manage resources may limit regulators' agility or capacity to act. Where these constraints are significant, they may undermine the regulator's ability to fulfil their mandates. This report discusses the implications of funding and staff arrangements for the autonomy, agility, accountability and transparency of regulators in the energy, e-communications, transport and water sectors. It identifies trends, challenges, opportunities and good practices, drawing upon survey responses from 57 economic regulators across 31 countries