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 India’s 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 India’s 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.Â
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.
General
| Imprint: |
Springer Verlag, Singapore
|
| Country of origin: |
Singapore |
| Release date: |
October 2023 |
| First published: |
2023 |
| Authors: |
Sudha Mahalingam
• Kapilan Mahalingam
|
| Dimensions: |
235 x 155mm (L x W) |
| Pages: |
327 |
| Edition: |
1st ed. 2023 |
| ISBN-13: |
978-981-9943-97-5 |
| Categories: |
Books
|
| LSN: |
981-9943-97-3 |
| Barcode: |
9789819943975 |
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