The Governance of Regulators Second Progress Review of Latvia’s Public Utilities Commission Driving Performance

Download or read book The Governance of Regulators Second Progress Review of Latvia’s Public Utilities Commission Driving Performance written by OECD and published by OECD Publishing. This book was released on 2024-09-25 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulators act as “market referees”, balancing the often-competing interests of stakeholders such as governments, current and future actors in the markets, and consumers. At the same time, markets are rapidly changing due to new technologies, the international drive toward carbon-neutral economies, and, more recently, the COVID-19 pandemic and energy and cost-of-living crises. Continuously assessing the performance of economic regulators is thus important to ensure regulators continue to perform in a changing context. This second progress review evaluates the changes made by Latvia’s Public Utilities Commission over the last three years to implement 2016 OECD recommendations, following a first progress review in 2021. The review tracks progress and provides advice on how to increase the effectiveness of regulatory activities and, ultimately, improve outcomes for consumers and the economy.