Governance of Indian State Power Utilities: An Ongoing Journey

This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and extern...

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Những tác giả chính: SheoliPargal, KristyMayer
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Ngôn ngữ:English
Được phát hành: World Bank 2015
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Truy cập trực tuyến:https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56538
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spelling oai:scholar.dlu.edu.vn:DLU123456789-565382023-11-11T05:38:08Z Governance of Indian State Power Utilities: An Ongoing Journey SheoliPargal KristyMayer Dpe guidelines Standards of performance Tariffs Independent regulation This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, India?s Electricity Act of 2003 mandated unbundling and corporatizing the vertically integrated state electricity boards, along with establishing independent regulators at the center and in the states. The aim was to create a more accountable and commercial performance culture. A particular motivation was the need to keep the state government at arm?s length from utilities and regulators alike. This review assesses aspects of corporate governance that would be expected to increase the internal and external accountability of utilities; the institutional design of state-level regulation; and the extent to which regulators have implemented key elements of their mandate. In addition, it examines the correlation between the adoption of recommended corporate governance practices and utility performance, and between regulatory governance and utility performance. It finds that while unbundling the electricity boards has progressed quite well on paper, actual separation and functional independence of the unbundled entities is considerably less than it appears?and clearly identifying the contributions of individual entities in the service value chain and holding them accountable for their performance remains difficult. Corporatization has been unable to insulate utilities from state interference because boards remain state dominated, lack sufficient decision-making authority, and are rarely evaluated on performance. Also, the regulatory environment has not sufficiently pushed utilities to improve performance. State electricity regulatory commissions have been established in all states, but a lack of accountability and autonomy and limited technical capacity have restricted their ability to create an independent, transparent, and unbiased governance framework for the sector that balances consumer and investor/utility interests. 2015-06-15T06:42:31Z 2015-06-15T06:42:31Z 2014 Book 9781464803031 9781464803048 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56538 en application/pdf World Bank
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
topic Dpe guidelines
Standards of performance
Tariffs
Independent regulation
spellingShingle Dpe guidelines
Standards of performance
Tariffs
Independent regulation
SheoliPargal
KristyMayer
Governance of Indian State Power Utilities: An Ongoing Journey
description This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, India?s Electricity Act of 2003 mandated unbundling and corporatizing the vertically integrated state electricity boards, along with establishing independent regulators at the center and in the states. The aim was to create a more accountable and commercial performance culture. A particular motivation was the need to keep the state government at arm?s length from utilities and regulators alike. This review assesses aspects of corporate governance that would be expected to increase the internal and external accountability of utilities; the institutional design of state-level regulation; and the extent to which regulators have implemented key elements of their mandate. In addition, it examines the correlation between the adoption of recommended corporate governance practices and utility performance, and between regulatory governance and utility performance. It finds that while unbundling the electricity boards has progressed quite well on paper, actual separation and functional independence of the unbundled entities is considerably less than it appears?and clearly identifying the contributions of individual entities in the service value chain and holding them accountable for their performance remains difficult. Corporatization has been unable to insulate utilities from state interference because boards remain state dominated, lack sufficient decision-making authority, and are rarely evaluated on performance. Also, the regulatory environment has not sufficiently pushed utilities to improve performance. State electricity regulatory commissions have been established in all states, but a lack of accountability and autonomy and limited technical capacity have restricted their ability to create an independent, transparent, and unbiased governance framework for the sector that balances consumer and investor/utility interests.
format Book
author SheoliPargal
KristyMayer
author_facet SheoliPargal
KristyMayer
author_sort SheoliPargal
title Governance of Indian State Power Utilities: An Ongoing Journey
title_short Governance of Indian State Power Utilities: An Ongoing Journey
title_full Governance of Indian State Power Utilities: An Ongoing Journey
title_fullStr Governance of Indian State Power Utilities: An Ongoing Journey
title_full_unstemmed Governance of Indian State Power Utilities: An Ongoing Journey
title_sort governance of indian state power utilities: an ongoing journey
publisher World Bank
publishDate 2015
url https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56538
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