What is Policy Analysis ?
Policy analysis in the power and utility sector is a systematic process to evaluate the impact, feasibility, and outcomes of existing or proposed policies. It is used to assist decision-makers in understanding the implications of policies on stakeholders, including government entities, utilities, businesses, and consumers. Here’s how policy analysis is typically conducted: 1. Defining the Objective Key Steps : Identify the purpose of the analysis (e.g., improving energy access, reducing carbon emissions, enhancing grid reliability). Define specific questions the analysis seeks to answer (e.g., "How will a new renewable energy policy impact power tariffs?"). Tools : Stakeholder consultation, brainstorming sessions. 2. Data Collection and Research Key Steps : Gather quantitative and qualitative data from various sources such as government reports, industry publications, stakeholder interviews, and regulatory documents. Understand the baseline scenario (current policy landscape ...