An Independent Regulatory Authority for the Energy Sector: Development, Models and Challenges - Approaches to the Energy Sector Regulation in a Comparative Perspective
Article from: OGEL 1 (2004), in Electricity Law and Regulation
Introduction
Recently, the energy sector has become a key sector of national economies around the world. Accordingly, governments and administrative structures have become involved in setting the framework, formulating, implementing and regulating the relevant energy policy. However, there is no such thing as a simple formula for any energy issue - 'there is neither a standard energy policy nor a universal regulation model and each State has to find a balance between energy security, economic growth, and environmental protection.'[1] A number of variations in the approach of governments to the ...