What is an energy regulator? Why is it necessary?
A regulator 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 regulator will need to ensure effective and non-discriminatory access to the transmission and distribution networks for electricity and gas. The regulator controls tariffs in order to prevent unduly high tariffs. Regulators often also have other tasks that relate to the efficient functioning of the market and ensuring competition, as well as the protection of consumer interests.
