The Italian Authority for Electricity and Gas – September 20032
Electricity industry reform and regulation/1
The reform of electricity markets encompasses a wide range of measures.
In general electricity industry restructuring implied:
a separate transmission company;
partially or totally privately owned generation companies;
competition in generation;
retail supply opened to competition;
privately owned transmission and distribution network with third party access based on published and non-discriminatory terms and conditions.
Electricity industry restructuring has been accompanied also by the reform of the institutional design resulting in a set of institutional bodies:
ministry handling most regulatory responsibilities directly;
independent regulatory agencies separate from ministry taking care of some particular responsibilities operating on the base of public consultation and other procedures meant to enhance transparency;
presence of ministerial regulatory agencies subordinated to the ministry but operating autonomously in the management of regulatory affairs.