Transparency, Accountability, and Credibility in Regulation 6 th World Forum on Energy Regulation (WFER) Istanbul, Turkey May 27, 2015 Ashley Brown Executive.

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Transparency, Accountability, and Credibility in Regulation 6 th World Forum on Energy Regulation (WFER) Istanbul, Turkey May 27, 2015 Ashley Brown Executive Director, Harvard Electricity Policy Group John F. Kennedy School of Government Harvard University

6 th World Forum on Energy Regulation (WFER) Istanbul, Turkey May 27, 2015 Ashley Brown Executive Director, Harvard Electricity Policy Group John F. Kennedy School of Government Harvard University Transparency, Accountability, and Credibility in Regulation

1.Transparency 2.Balance between Accountability and Independence 3.Credibility Foundations for Sustainable and Effective Regulation

1.Open and Participatory Decision Making Process 2.Access to Information (e.g. Books, Records, Evidence) 3.Open Meetings/Voting 4.Explanation of Decisions Transparency

Accountability and Independence 1.Institutional Arrangements a.Independent and Fully Empowered b.Independent but Recommendations Only c.Fully Subsidiary 2.Political Insulation/Politicization 3.Appellate Processes 4.Oversight

1.Careful Balance between Interests 2.Consistent with Local Norms and Practices 3.Acceptable to Investors (Foreign and Domestic) 4.Protective of Public Interest 5.Protects Consumers Credibility