Premium
International Energy Regulation: A Tale of Two Standards
Author(s) -
Makholm Jeff D.
Publication year - 2021
Publication title -
climate and energy
Language(s) - English
Resource type - Journals
eISSN - 2692-3823
pISSN - 2692-3831
DOI - 10.1002/gas.22219
Subject(s) - usable , energy (signal processing) , metric (unit) , electricity , international standard , business , economics , international trade , computer science , telecommunications , marketing , engineering , statistics , mathematics , electrical engineering , world wide web
A somewhat reasonable expectation, in the world of international energy, is that there are usable international standards by which to measure the effectiveness of regulators for electricity and gas businesses: “best practices,” so to speak. Mostly, however, that reasonable expectation is not true. There is no one standard. As with the persistent difference between the standard and metric systems, there are at least two measures for regulators, each inconsistent with the other, and each unlikely to change in the foreseeable future. This column is about such exasperating international inconsistencies, often overlooked, in what constitutes regulation of energy businesses.