A decade of experience has shown that monitoring the performance of public and private monopolies is the hardest part of electricity sector reform in South America-because operators control most of the information needed for effective regulation. South American electricity regulators can reduce...

A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their...

The last decade has witnessed a change to more powerful incentive schemes and the adoption by a large number of regulators of some form of price cap regimes. The efficiency frontiers literature tackles the problem of measuring the X factor in a price cap regime with an RPI-X rule. However, that...