The Study of Regulatory Agencies on Electricity Market in the Law of Iran and the United States of America

Iran's electricity market is passing its second decade of activity and achieving the goals of this market depends on the existence of a process called "competition" to provide suitable structures for economic growth and development. Achieving this, requires an ordered and legal organization which formulates behavioral rules, provides the competition environment and eliminates monopoly to increase efficiency and quality of the service. "Regulation Board of Electricity Market" is the main regulatory agency in electricity market in Iran. This paper aims to investigate the similarities and differences of this organization and similar organizations in the United States of America comparatively to specify the advantages, disadvantages and the current shortcomings of both organizations. The results show that considering the legal, political and economic systems of both countries, the regulatory agency of electricity market in the United States of America has better efficiency and performance.