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For online ordering scroll to the bottom of the page or click here
Title Governing Power
Publisher/ Author TERI/ S L Rao (Former Chairman, CERC)
Year Published 2004
ISBN/ RNI -
Format Hardcover
Pages Pp 500
Delivery Indian as well as International Orders & Deliveries accepted
Product Code IPPR-112
Price in INR (for Indian Orders) 580
Price in USD (for International Orders) 35

Book Details

Governing Power is a pioneering attempt to examine the experience with independent regulation of electricity in India to assess its efficacy as an alternative form of governance. It compares the electricity experience with that of independent regulation in other countries, independent regulatory bodies in India, and old-style regulation by government departments. It evaluates the Indian model in the context of its replication over other sectors of the economy. S L Rao’s experience of having operationalized the concept in India, as the first Chairman of the Central Electricity Regulatory Commission, provides valuable insights.

'...This book makes a valuable contribution in showing the path forward in our quest to enhance the effectiveness of our regulatory institutions. It deserves to be read carefully by representatives of governments, regulatory commissions, utilities, industries, and consumer groups.' ....from the foreword by Anil D Ambani.

This book epitomizes the multidisciplinary expertise (linking economics, management, financial and cost accounting, and engineering) that electricity regulatory commissions must harness to effectively regulate the sector, despite high government ownership, strong utility–government linkages, inefficiencies, and weak commercial attitudes. The book tracks the emergence of regulatory law from the orders of regulatory bodies and courts; explores the concept of ‘independence’ and discusses the accountability of independent regulators (an issue not sufficiently explored till now); and suggests directions for future development of independent regulation.

Governing Power is relevant to any environment where independent regulation is introduced, more so in developing economies or where government ownership is dominant. It is extremely relevant to utilities (private and public), regulators, courts, professional managers, accountants, and consultants. It will benefit anyone interested in enhancing the quality of governance.

About the Author

S L Rao has authored, co-authored, or edited nine books, including Elephants can't dance: Managing in a reforming economy (2001) and Indian Market Demographics: the consuming classes (1996). He has been a columnist with The Economic Times and The Telegraph for several years. An economist by training, Rao has been a professional manager for three decades and taught marketing in reputed management schools.

As Director-General of the National Council of Applied Economic Research (1990–96), he transformed it into a globally reputed research institution. As the first Chairman of the Central Electricity Regulatory Commission, he catalysed its evolution into an independent, transparent, and objective regulator. His writings and speeches on electricity reform and regulation have influenced policy deeply.

Rao has been associated with many academic, corporate, and non-profit organizations, including the Indian Ocean Centre, the Madras Crafts Foundation, and the Aga Khan Foundation of India. Currently, he is Chairman of the Board of Governors of the Institute for Social and Economic Change, Bangalore, and Distinguished Visiting Fellow with The Energy and Resources Institute, New Delhi. As the first Ford Public Affairs Fellow with the Public Affairs Centre in Bangalore, he undertook the research that led to this book. He can be reached by contacting IndiaCore.


Contents

The Contents are:

· Foreword

· Preface

· Introduction (in pdf format)

· Regulation and policy

· What is independent regulation?

· History of electricity in India

· Regulation of electricity: the international experience

· Regulation of electricity in India

· Effectiveness of electricity regulatory commissions: regulating state-owned enterprises

· Evaluation and effectiveness: the electricity regulatory experience in India

· Regulatory law: principles, processes, and procedures

· Accountability

· Future directions

· Index

· Appendices

- Comparative features of Acts relating to regulatory bodies under the Securities and Exchange Board of India Act, 1992; the Insurance Regulatory Development Authority Act, 1999; the Electricity Act, 2003; and the Competition Act, 2002

- Provisions relating to electricity regulatory commissions in selected countries

- Policies of the central government before the electricity regulatory commissions

- Comparison of selected orders of various electricity regulatory commissions

- Tariff policies and principles established by the Central Electricity Regulatory Commission in orders till 2001

- Role of governments in tariff policies in selected countries

- Conduct of Business Regulations of some State Electricity Regulatory Commissions and the Central Electricity Regulatory Commission


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For International Orders & Deliveries:

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