REGIONAL energy regulatory agencies will have to increase quality of their service to attract investors, a conference of utility regulators in Africa heard yesterday in Nairobi.
A study by International Institute of Infrastructural Economics and Management established that between 2000 and 2013, energy regulators scored a lowly 28 per cent in performance index.
The study has recommended an urgent attention to plug the "performance gap and inability of the regulators to link quality of service regulation to price regulation as well as the absence of regulatory accounting systems." Speaking during the forum hosted by Kenya's Energy Regulatory Commission, head of research at South Africa's National Energy Regulator Patrick Mabuza said the oversight authorities should support growth of business by creating a conducive operating environment.
"Consistency in regulatory framework is a corner stone for good performance of the regulator and supports certainty in the investment landscape," Mabuza said. "The weaker the regulatory body, the weaker its performance and this affects investor confidence."