Independent energy regulation in a developing economy : stakeholder perspectives and legal interpretations / Sudha Mahalingam, Kapilan Mahalingam.
Mahalingam, Sudha, author.; Mahalingam, Kapilan, author.
2023
K3981 .M34 2023
Available Online

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Title Independent energy regulation in a developing economy : stakeholder perspectives and legal interpretations / Sudha Mahalingam, Kapilan Mahalingam.
Author Mahalingam, Sudha, author.
ISBN 9789819943982 (electronic bk.)
9819943981 (electronic bk.)
9819943973
9789819943975
DOI https://doi.org/10.1007/978-981-99-4398-2
Published Singapore : Springer, [2023]
Language English
Description 1 online resource (327 pages) : illustrations (black and white, and color).
Item Number 10.1007/978-981-99-4398-2 doi
Call Number K3981 .M34 2023
Dewey Decimal Classification 346.12404679
Summary This book is an introduction to the challenges of independent regulation, a new governance institution introduced in developing economies in the wake of liberalization, to perform the role of a surrogate for competitive markets. It examines, in the Indian context, regulatory interpretation of key provisions of energy laws and regulatory statutes, as manifest in the adjudicatory orders of Indias petroleum and electricity regulators. The objective is to assess regulatory interpretations for consistency with the stated objectives of independent regulation. Comparing regulatory interpretation of energy laws with those of the higher judiciary, this study highlights the divergent perspectives of regulators and the higher judiciary on the role of independent regulation in a liberalized economy. In the process, this research attempts to gauge, not only the extent of regulatory expertise and independence in Indias energy space, but crucially, the Indian government's commitment to independence of regulators. The book also offers a glimpse of the operation of checks and balances in a relatively new institution situated outside the scope of the conventional Madisonian framework. Framed against the backdrop of extant regulatory theories, this book is of interest to regulators, policy makers, utility executives, students of law, economics and regulatory studies as well as lawyers interpreting regulators remit and role in a liberalized economy.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Added Author Mahalingam, Kapilan, author.
Available in Other Form INDEPENDENT ENERGY REGULATION IN A DEVELOPING ECONOMY.
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Introduction
Regulatory Legitimacy & Turf Wars
Summary, Findings, Conclusions & Policy Implications
Sanctity of Contracts & The Hold-up Problem
Credible Commitments
Theories of Regulation
Market-making in Electric Supply
Interpreting/Implying Terms into Contracts.

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