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Role of regulators and regulation in a (typical) restructured electricity industry - page 2 / 21

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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.

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