Keynote Address at CAMPUT: Honoring the Past, Shaping the Future
May 11 - 12, 2015
Utility regulation today is built on lessons that we have learned and forgotten many times over our history. This was the subject of Dr. Mark Jamison’s keynote address at the CAMPUT Conference 2015 in Calgary, Canada. CAMPUT is Canada’s Energy and Utility Regulators.
His talk emphasized two lessons: The need to get the economics right and the need to get the politics right. The economics of regulation fall into three categories: the role of information, incentives for improving efficiency and market competition. The pressures that politics brings to regulation means that regulators need to serve their regulatory role well.