Commission seeks views on future improvements to regulating essential services

Published: 18 Feb 2019

By: NIC

Tagged:

Picture of someone making tea in an office

The National Infrastructure Commission today launched a call for evidence on what future changes may be required to ensure regulation of the energy, telecoms and water industries both supports investment and innovation while at the same time keeping costs down for consumers.

Chairman Sir John Armitt said the Commission wants to hear how the current system of regulation is working, and how it could be improved, “to deliver both good quality services and world-class infrastructure.”

The regulation study is expected to examine the future changes that may affect the regulated sectors; whether the current regulatory model encourages sufficient competition and innovation; whether there is regulatory consistency between the sectors, and the relationship between regulators and the Government.

Today’s call for evidence forms part of this latest study, announced by Chancellor Philip Hammond.

It asks questions including:

  • Whether fundamental change to the current model is required;
  • Whether consumer interests could be better represented in the future and how;
  • How regulators can act in future to win and maintain consumer trust in the sectors;
  • What impact competition has had on investment in the sectors;
  • Whether regulation has been slow to adapt to changing market circumstances, and if so, where; and
  • Whether greater levels of transparency and accountability could be achieved and how

Chancellor Philip Hammond said:

“Our regulators play a key role in ensuring the framework underpinning our vital telecoms, energy and water services remains agile and innovative, delivering for consumers and giving the UK a competitive edge.

“Technological change is having a transformative effect across the economy and regulators must be able to respond to keep the UK at the forefront of these advances.

“That’s why I’ve asked the National Infrastructure Commission to look at how our regulators can prepare for and adapt to this change. Their findings will be key in helping ensure we rise to these challenges and remain fit for the future.”

Chairman of the National Infrastructure Commission Sir John Armitt said:

“From turning on a TV to turning on a tap, all of us rely on our energy, telecoms and water industries for basic everyday activities.

“Regulators are therefore a vital part of ensuring we are treated fairly by these essential service providers, and that vulnerable customers get the support they need.  But their work should also encourage investment and innovation which will benefit households and businesses alike for the long term.

“Whether it’s companies or regulators, consumers or investors, we want to hear how the current system of regulation is working, and what a future framework may look like to deliver both good quality services, and world-class infrastructure.”

 Notes to Editors:

The Regulation Study call for evidence is available here.  The deadline for responses is Friday 12 April.

The Regulation Study has been announced by Chancellor of the Exchequer Philip Hammond.  Details can be found here 

Terms of reference for the new Regulation Study can be found here.

Share this article

<

Recent Articles

Armitt: Let’s create a legacy of which we can be proud

Armitt: Let’s create a legacy of which we can be proud

Commission Chair Sir John Armitt has today (12 July 2024) welcomed infrastructure related announcements made by the new government in its first few days of office. This week, the Chancellor and other Ministers have made various statements setting out the government’s plans, including on planning reform, devolution to elected mayors, and the establishment of a...

12 Jul 2024 By
The pre-election period: 25 May – 4 July 2024
Houses of Parliament

The pre-election period: 25 May – 4 July 2024

In the run-up to the UK General Election, the Commission – like other public sector bodies – is required to act in accordance with the 2024 General Election guidance. The Commission offers independent advice to the government of the day, and it is not appropriate for it to engage in discussion of government policy during...

25 May 2024 By
Principles before particulars secures project success, say NIC design experts

Principles before particulars secures project success, say NIC design experts

The National Infrastructure Commission’s Design Group has published guidance on developing and implementing design principles for major infrastructure projects. Building on the Group’s high level design principles – climate, people, places and value – the new guidance sets out a structured process for applying tailored principles at every stage of a project life cycle. The...

21 May 2024 By

Evidence_Icon_Turquoise Created with Sketch.

Explore data used in the Commission's research, and gain insights from across UK infrastructure

Join our team of professionals supporting the Commission to provide evidence based and forward thinking advice on infrastructure strategy.