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Can we get this right? Power, Influence, and Motivations for Coherence

Can we get this right? Power, Influence, and Motivations for Coherence. Mark A. Jamison Director. Politicians Industry/operators Regulatory agency Media Bankers Donor organizations (e.g., World Bank). Who controls regulation?. 2. It depends…. At start Politicians Industry/operator

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Can we get this right? Power, Influence, and Motivations for Coherence

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  1. Can we get this right? Power, Influence, and Motivations for Coherence Mark A. Jamison Director

  2. Politicians Industry/operators Regulatory agency Media Bankers Donor organizations (e.g., World Bank) Who controls regulation? 2

  3. It depends… At start • Politicians • Industry/operator • Bankers • Donor organizations (e.g., World Bank) Later Add • Agency • Consultants • New interest groups • Media • Other regulators And perspectives change! 3

  4. All organizations are perfectly aligned to get the results they get Arthur W. Jones But people may or may not get what they want 4

  5. Regulation as response to market failure But the market system performs as designed Some people don’t like outcomes Normative View 5

  6. Market failure for regulation? If some don’t like outcome But performs according to design Political trade-offs Size of economy Re-distributing output Market for regulation 6

  7. How do we adapt our system? Change is a continuing condition: The future holds more unknowns than it does certainties. “Reset” means that we develop fresh perspectives and knowledge about the future, while holding in trust the wisdom of the past. 1. Focus on Next practices, not Best practices. 2. Focus on Whyrather than on What. 3. Focus on Leadership, not on Leading. (Mark Jamison and AraceliCastañeda, The Electricity Journal, 2011) 7

  8. What Regulators Do What is important? How can we do it? • Politics • Negotiation • Facilitation • Leading • Management • Administration What is possible? • Engineering • Economics • Finance • Law 8

  9. Infrastructure Governance Owners/Citizens Policy Makers Board CEO and Execs Commissioners Accountability Communication Authority Communication Accountability Authority Operator Regulatory Agency Operators Customers For Price Setting Quality Market Conduct For Financial performance 9

  10. The Body of Knowledgeon Infrastructure Regulation www.regulationbodyofknowledge.org

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