The Critical Importance of Information: Incentive Regulation and its Application in Electricity

Abstract

This paper outlines the key distinguishing features of light- and heavy-handed regulation. It Provides an analysis of the importance of informational issues for the conduct of commerce Provides an analysis of informational issues for the design and operation of incentive regulation Uses incentive regulation to assess heavy and light-handed regimes and Analyses certain of the regulatory issues of the electricity market.