Expert advice on infrastructure regulatory framework
In a key report prepared for the Office of the Presidency, Genesis developed a framework for economic regulators in the important area of infrastructure provision in the communications, transport, energy and water sectors. The framework focused on finding coherence in the design of regulations across the different sectors as differing approaches had previously been adopted. This had resulted in varied performance between regulators, as well as tensions between affected parties.
The team’s report addressed and made recommendations regarding the key components of any regulatory framework, such as clear responsibilities, clarity on concurrent jurisdictions and unambiguous policy objectives.
These included the objectives of economic regulation, the establishment of a regulator, the role of policy-makers and regulators, the independence and institutional design of the regulator, the auditing of regulators’ decisions, the appeals process and the jurisdiction of the regulator in competition matters.