The Global Electricity Regulatory Index (GERI) is based on the African Development Bank’s (AfDB) Electricity Regulatory Index launched in 2018, and on a complementary index developed by The World Bank Group (WBG) in parallel. The AfDB and the WBG are collaborating to create the first global index of regulatory frameworks in the power sector.
By measuring the adoption of regulatory best practices, GERI enables countries to identify gaps in their regulatory framework and benchmark their performance against global peers.
The index has two components: regulatory governance and regulatory substance.
- Regulatory governance examines the institutional arrangement of each country’s regulatory regime to see whether it embodies best-practice design. Indicators include legal mandate, clarity of role, independence, accountability, transparency, predictability, stakeholder participation, and open access to information.
- Regulatory substance focuses on the actual content of regulation. Its major indicators are tariff setting methodology, quality of service, licensing framework, and institutional regulatory capacity.
For 2020, the AfDB collected data on 36 African countries and WBG conducted a pilot study of 20 countries spread across other regions. In the next Regulatory Indicators for Sustainable Energy (RISE) cycle, the WBG will extend data collection to all RISE countries outside Africa while AfDB continuing to cover the African continent annually.