Abstract
The provision of electricity and the supply of gas and oil in the energy mix are crucial for economic development and progress. While sectoral performance of the energy industry (especially electricity and gas) traverses economic, political and environmental terrains, thus achieving efficiency, supply security and investment stability, in the light of the liberalisation of the sector in different jurisdictions, have become more important. This article examines the existence and justification for a regulator in liberalised energy economies in the context of real and/or probable restrictive market behaviours and energy policy in both developing economies and economies in transition.
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