| 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 other countries,
independent regulatory bodies in India, and old-style
regulation by government departments. It evaluates the
Indian model in the 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 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.'
....from the foreword by Anil D Ambani.
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.
About the Author
S L Rao has authored, co-authored, or edited nine books,
including Elephants can't dance: Managing in a reforming
economy (2001) and Indian Market Demographics: the consuming
classes (1996). He has been a columnist with The Economic
Times and The Telegraph for several years. An economist
by training, Rao has been a professional manager for
three decades and taught marketing in reputed management
schools.
As Director-General of the National Council of Applied
Economic Research (1990–96), he transformed it
into a globally reputed research institution. As the
first Chairman of the Central Electricity Regulatory
Commission, he catalysed its evolution into an independent,
transparent, and objective regulator. His writings and
speeches on electricity reform and regulation have influenced
policy deeply.
Rao has been associated with many academic, corporate,
and non-profit organizations, including the Indian Ocean
Centre, the Madras Crafts Foundation, and the Aga Khan
Foundation of India. Currently, he is Chairman of the
Board of Governors of the Institute for Social and Economic
Change, Bangalore, and Distinguished Visiting Fellow
with The Energy and Resources Institute, New Delhi.
As the first Ford Public Affairs Fellow with the Public
Affairs Centre in Bangalore, he undertook the research
that led to this book. He can be reached by contacting
IndiaCore. |
| The Contents are:
· Foreword
· Preface
· Introduction
 (in
pdf format)
· 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
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