Effectiveness of Regulatory Governance of Electricity Power Sector of Pakistan

Authors are: Noor Saleem, Syed Saqlain Raza and Muhammad Bilal

This study attempts to evaluate one of the important dimensions of regulation (i.e. regulatory governance) of National Electric Power Regulatory Authority (NEPRA). For this purpose, the study considers some of major input attributes of regulatory governance (i.e. capacity, integrity, participation, and predictability) and output attributes of regulatory governance (i.e. legitimacy and credibility). To carry out this evaluation, a survey was conducted and questionnaire based was filled by 102 professionals (dealing with regulatory affairs) of the main players of power sector of Pakistan. The data analysis involved inferential statistics using SPSS (Statistical Program for Social Sciences) software. The Pearson‘s product moment correlation coefficient or simply correlation technique is used to investigate the strength and direction of relationship between the variable mentioned in hypothesis,
The findings indicated that the legitimacy of NEPRA has significant positive correlation with the capacity, integrity and participation. Whereas credibility of NEPRA has significant negative association with integrity. However, credibility has strong positive association with predictability. The results of this study can be helpful for strengthening the regulatory governance of NEPRA and developing confidence to the stakeholders of power sector of Pakistan.

Acknowledged Paper of the 2017 ERRA Regulatory Research Award.