What is a national regulatory authority? Why is it necessary?
A national regulatory authority (NRA) may be best compared to a “watchdog,” independent from industry and political influence. Since it does not make economic sense to create an alternative gas or electricity network, the NRA will need to ensure effective and non-discriminatory access to the transmission and distribution networks for electricity and gas. The NRA controls tariffs in order to prevent unduly high tariffs. NRAs often also have other tasks which relate to the efficient functioning of the market and ensuring competition, as well as the protection of consumer interests.
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