Properly designed and implemented, regulations can be cost-effective and efficient. Yet, governmental agencies in both developed and developing economies face a myriad of challenges when regulating the energy industry, including information asymmetry, enforcement costs, and balancing competing social objectives such as service reliability, cost and environmental impact.
Key questions include: How should regulatory systems be structured to maximize both compliance while minimizing cost and ensuring reliability? What are the most effective legal and regulatory frameworks globally, and can they be replicated in other countries? EPIC-affiliated researchers work to provide analytical support for state, local, and national policymakers as they work to design and effectively implement energy and environmental laws and regulations.