Glossary (Body of Knowledge on Infrastructure Regulation)

Market Reform:: Government intervention that is ostensibly designed to improve market performance, reflecting lessons learned from past developments. Generally, such reform involves liberalization: reducing entry barriers and encouraging new entry at those production stages where competition is feasible. In the case of electricity, reform might involve restructuring generation, developing new incentives for improvements in transmission and distribution, promoting regional trade, and adopting a regulatory system.

Interactive Glossary