Private Sector Development of Housing, Eastern Europe: Report and Recommendation for an Independent Regulatory Commission

摘要

The Government of Albanias (GOA) privatization plans for utilities (power, telecommunications, water/wastewater, some transportation) are not finalized, but they appear to point to privatized, investor-owned utilities especially for power and telecommunications over the next several years. We recommend the development of an independent regulatory commission (IRC) to regulate these privatized utilities. This would help establish fair, economic prices, and eliminate political pricing, which invariably undermines the efficient delivery of utility services. The goal would be to establish a level playing field for consumers and investors one which would protect their mutual interests. This would also promote professionalism within the IRC and the development of necessary regulatory activities in other economic areas (e.g., securities markets).