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Latvia ∙ Edvins Karnitis

Edvins Karnitis

The article provides an analysis of the implementation of the multi-sectoral regulatory model in Latvia (2001–2015), identifying various aspects and results achieved – the attained high independence and competence level of the National Regulatory Authority, the unity of regulation and observance of sectoral individualities, involvement of all stakeholders, balancing interests and other issues. The positive experience of Latvia shows that the unified regulatory process increases efficiency of utilities regulation and reduces regulatory risks, harmonizes business environment and reduces administrative barriers; still, there are several recommendations for further perfection of the regulatory system. The multi-sectoral regulation is assessed as more competent and qualitative; it becomes preferable for service providers, consumers and the government, especially in small and medium-sized countries.

Prof. Edvins Karnitis, Adviser to the Chairman, Public Utilities Commission of Latvia; Leading Researcher, University of Latvia.


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