Governing power

  • Author(s): S L Rao
  • Size: 140 mm x 215 mm
  • Pages: 484
  • Binding: Hardback
  • Weight: 740 gms
  • Language: English
  • ISBN: 9788179930335
  • Cover Price:

    Rs.580.00 / US $40.00

  • Special Price: Rs. 520.00 / US $36.00

Book Details

'Governing power' is a pioneering attempt to examine the experience with independent regulation of electricity in India to assess its efficacy as an alternative form of governance. It compares the electricity experience with that of independent regulation in the other countries, independent regulatory bodies in India, and old-style regulation by government departments. It evaluates the Indian model in context of its replication over other sectors of the economy. S L Rao's experience of having operationalized the concept in India, as the first Chairman of the Central Electricity Regulatory Commission, provides valuable insights.

This book epitomizes the multidisciplinary expertise (linking economics, management, financial and cost accounting, and engineering) that electricity regulatory commissions must harness to effectively regulate the sector, despite high government ownership, strong utility?government linkages, inefficiencies, and weak commercial attitudes. The book tracks the emergence of regulatory law from the orders of regulatory bodies and courts; explores the concept of ?independence? and discusses the accountability of independent regulators (an issue not sufficiently explored till now); and suggests directions for future development of independent regulation.

Governing power is relevant to any environment where independent regulation is introduced, more so in developing economies or where government ownership is dominant. It is extremely relevant to utilities (private and public), regulators, courts, professional managers, accountants, and consultants. It will benefit anyone interested in enhancing the quality of governance.

Table of Contents

     Foreword

     Preface

     Introduction

     Regulation and policy

     What is independent regulation?

     History of electricity in India

     Regulation of electricity: the international experience

     Regulation of electricity in India

     Effectiveness of electricity regulatory commissions: regulating state-owned enterprises

     Evaluation and effectiveness: the electricity regulatory experience in India

     Regulatory law: principles, processes, and procedures

      Accountability

     Future directions

     Index

    Appendices

     Comparative features of Acts relating to regulatory bodies under the Securities and Exchange Board of India Act, 1992; the Insurance Regulatory Development Authority Act, 1999; the Electricity Act, 2003; and the Competition Act, 2002

     Provisions relating to electricity regulatory commissions in selected countries

     Policies of the central government before the electricity regulatory commissions

     Comparison of selected orders of various electricity regulatory commissions

     Tariff policies and principles established by the Central Electricity Regulatory Commission in orders till 2001

     Role of governments in tariff policies in selected countries

     Conduct of Business Regulations of some State Electricity Regulatory Commissions and the Central Electricity Regulatory Commission

Keywords

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  • Winner of the 'Delhi Management Association's Book Award, 2004'
  • 'This book makes a valuable contribution in showing the path forward in our quest to enhance the effectiveness of our regulatory institutions. It deserves to be read carefully by representatives of governments, regulatory commissions, utilities, industries, and consumer groups.'
    -Anil D Ambani, Chairman and Managing Director
    Reliance Energy Ltd.

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