New regulation study to help find the right conditions for future infrastructure innovation

Published: 3 Oct 2018

By: NIC

Tagged:

Electricity pylon silhouette

The National Infrastructure Commission is to examine regulation of the UK’s energy, telecoms and water industries, to ensure the necessary levels of investment and innovation whilst these critical services are kept affordable for everyone.

The regulation study is expected to examine:

  • What future changes will affect the regulated sectors: The National Infrastructure Assessment identified the UK’s infrastructure needs to 2050.  The study will aim to set out the key drivers of change over the coming decades
  • Competition and innovation: whether the regulatory model encourages where appropriate, sufficient competition and innovation to support efficient delivery of infrastructure
  • Regulatory consistency: How regulators work together and collaborate on cross-cutting challenges and significant infrastructure projects
  • How Government and regulators work together: How Government can effectively deliver its objectives in these regulated sectors, while continuing to safeguard the independence of the regulators

The regulation study will also consider the full range of potential implications of any changes, paying particular attention to the need to keep bills affordable and to ensure vulnerable customers are protected.

It will build upon initial work undertaken by the Commission in this area to inform and take forward the conclusions of the National Infrastructure Assessment.

Chairman of the National Infrastructure Commission Sir John Armitt said:

“Whether it’s turning on a light, taking a phone call or even making a cup of tea, we are dependent on our energy, telecoms and water industries to go about our daily lives.

“The regulators are vital in ensuring we as consumers are treated fairly.  But if the UK is to be a world leader in the latest technologies, we need a system of regulation that allows companies to be innovative, without being penalised for it.

“Our new study will examine how to strike the right balance and how companies and regulators alike can be ready to adapt to changes in future, while at the same time keeping bills affordable and protecting vulnerable customers.”

Notes to Editors:

This study follows publication of the UK’s first-ever National Infrastructure Assessment, which covered a range of sectors including energy, telecoms and water.  Details can be found here

Share this article

<

Recent Articles

Coming up in 2022
Thumbtack pins in calendar concept for busy, appointment and meeting reminder

Coming up in 2022

This page shows a calendar reflecting the latest expected dates for Commission reports, publications and events. You can also sign up to receive our quarterly newsletter by entering your email address in the box at the very foot of our homepage; or sign up to receive updates specifically on the programme for the second National...

22 Feb 2022 By
Armitt on drought resilience: fixing leaks, reducing demand, building supply
Dry soil and patchy grass

Armitt on drought resilience: fixing leaks, reducing demand, building supply

In a comment piece for The Times’ Red Box, Commission Chair Sir John Armitt today sets out steps to help reduce the risk of future severe drought in England. The piece, reproduced below, argues for further action on identifying leaks, expanding water metering and reducing consumer demand, and building new supply and transfer infrastructure. Sir...

8 Aug 2022 By
Commission hears from Bristol about city’s infrastructure priorities
Bristol Civic Centre

Commission hears from Bristol about city’s infrastructure priorities

Friday last week (22 July) saw Commissioners in Bristol for our fourth regional visit of the summer, meeting the city’s Mayor and local leaders and businesses, and local residents, to understand the city’s infrastructure challenges. After a one-to-one meeting, Sir John Armitt and the Mayor of Bristol Marvin Rees co-hosted a roundtable with representatives from...

25 Jul 2022 By
West Yorkshire leaders engage on region’s infrastructure goals
Leeds from the air

West Yorkshire leaders engage on region’s infrastructure goals

Yesterday (5 July) saw Commissioners up in Leeds for our third regional visit of the summer, meeting West Yorkshire leaders and businesses to better understand the city region’s infrastructure priorities. After a one-to-one meeting, Sir John Armitt and West Yorkshire Mayor Tracy Brabin co-hosted a roundtable with representatives from the combined authority, Leeds City Council,...

6 Jul 2022 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.