Around the world, regulators confront immense challenges in balancing and achieving multiple objectives that hold major consequences for societies and their economies. What distinguishes the truly excellent regulators? How should these “Best-in-Class” regulators define, measure and improve their performance?
The Penn Program on Regulation’s Best-in-Class Regulator Initiative, which ran from 2014-2015, tackled these vital questions. Drawing on research and engagement with experts and the public, we developed a framework for defining regulatory excellence and measuring its attainment.
The Best-in-Class Regulator Initiative was supported by the Alberta Energy Regulator (AER). The outputs of this project have helped the AER and other regulators measure and track their performance against the attributes of regulatory excellence. The materials on this website are current as of 2015.