Regulatory Reform in Ontario

Deck: 

Successes, shortcomings and unfinished business.

Fortnightly Magazine - November 2009
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In the past several months, Francis Cronin and Stephen Motluck have published three, largely critical articles in Fortnightly on the regulation of the electricity distribution industry in Ontario. In “Dealing with Asymmetric Risk” (May 2009), the authors criticized the performance-based regulation (PBR) plan established for the industry in 2008 and proposed an alternate mechanism that they claimed would “minimize data requirements and allow firms to reveal productivity potential.”1 This was followed by the two-part “Ontario’s Failed Experiment – Part 1 and Part 2” (July 2009 and August 2009), which argues that service quality has declined in Ontario because of the PBR framework.

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