Natural gas regulation can have a significant impact on the efficiency and competitiveness of the industry; it can also affect customers and other stakeholders. Improving Efficiency and Effectiveness in Natural Gas Regulation focuses primarily on the efficiency of regulatory processes. This discussion paper also examines regulatory objectives, best practices and performance indicators.
Document Highlights
Natural gas regulation can have a significant impact on the efficiency and competitiveness of the industry; it can also affect customers and other stakeholders. Improving Efficiency and Effectiveness in Natural Gas Regulation focuses primarily on the efficiency of regulatory processes. This discussion paper also examines regulatory objectives, best practices and performance indicators. As the National Energy Board moves from prescriptive to goal-oriented regulation, provincial regulators (including those in British Columbia, Alberta, Quebec and Ontario) are recognizing the value of developing long-term objectives and indicators that measure progress. This paper looks at best practices from Australia, the United Kingdom, the United States and Canada. It discusses such best practice principles in utility regulation as communication, consultation, consistency, predictability, flexibility, independence, accountability, transparency, proportionality and targeting. Finally, the paper examines a number of concerns in the Canadian natural gas industry that have affected regulatory efficiency and effectiveness.
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