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Reform and Economic Regulation of the Electricity Industry –
Policy Implications for Governments, Industry and Consumers

The University of Malaya Malaysian Centre of Regulatory Studies (UMCoRS) is pleased to invite you to a Public Lecture by Velu Ramasamy. The details of the Public Lecture are as follows:
 
Speaker : Velu Ramasamy
Senior Consultant, Saha International
Date : 11 August 2011 (Thursday)
Time : 2.30 pm
Venue : Lecture Hall 3, Faculty of Economics and Administration, University of Malaya, 50603 Kuala Lumpur
Title :
"Reform and Economic Regulation of the Electricity Industry – Policy Implications for Governments, Industry and Consumers"
Fee : Free Admission (RSVP before 8 August 2011)

Abstract: Since the 1990s many countries have reformed their electricity sector. The aim of such reform has been to unbundle vertically integrated electricity businesses and to introduce competition in the generation and distribution activities (retailing) while subjecting the monopoly elements (the wires businesses) to effective and efficient economic regulation. The regulatory effort has been to balance the interest of consumers while ensuring the electricity companies receive a reasonable rate of return for their investments. The lecture will focus on some key issues when implementing such a reform program and their implications for energy pricing. Where appropriate these issues will be discussed within the context of the Malaysian electricity environment.
 

Biography: Velu Ramasamy is a Senior Consultant at Saha International. Velu has more than 20 years' work experience both as a regulator and a senior adviser on economic regulation in various utilities. He was acting Director of the Australian Centre of Regulatory Economics at the Australian National University from 2004 to 2008. In that position he was responsible for developing and administering the post-graduate Diploma and Masters programs in economic regulation. Since then Velu has undertaken a number of consultancies on economic regulation and industry reform as well as capacity building for regulated industries and regulators both in Australia and overseas. He was Team Leader on an Asian Development Bank Project in the Philippines where he was advising the Regulatory Office on regulation of the water industry whilst developing the capacity of the Regulatory Office in economic regulation.

Velu has assisted the Suruhanjaya Tenaga (Energy commission) with the development and adoption of effective regulation principles and practices.

For enquiries and registration, please call Mohala Santharamohana at 03 - 2617 3198/3210 ; or e-mail us at umcors@um.edu.my.