The Governance of Regulators Progress Review of Latvia’s Public Utilities Commission Driving Performance

Book excerpt: Regulators act as “market referees”, balancing often competing interests of stakeholders in the sector, including governments, current and future actors in the markets, and consumers. At the same time, markets are changing at an unprecedented pace due to new technologies, the international drive toward carbon-neutral economies, shifts in consumer needs and preferences, and, most recently, the profound changes brought by the coronavirus pandemic.