Regulation

Status:Final report complete.  Published:

Exploring how the UK’s regulatory system must adapt to meet the demands of the future and secure the strategic investment needed.

Summary

In October 2018, the government asked the Commission to conduct a new study into regulation of the UK’s energy, telecoms and water industries.

The Commission’s study examined what future changes will affect the regulated sectors, and how to ensure  the necessary levels of investment and innovation while keeping critical services affordable for everyone.

The study explored regulatory consistency and how government and regulators work together. It considered the full range of potential implications of changes, paying particular attention to the need to keep bills affordable and to ensure vulnerable customers are protected.

call for evidence supported the study, submissions for which were open until April 2019.

The study’s final report, Strategic investment and public confidence, found that the UK’s model of regulation for energy, water and telecoms has generated significant investment over the past decades, but that the system is increasingly facing new challenges that it was not designed to address. It sets out how regulators, industry and government must adapt to face the coming challenges of achieving net zero, adapting to changing weather patterns, and increasing digitalisation.

Final Report

Strategic investment and public confidence

The study’s final report suggests how the UK’s regulatory system must adapt to meet the demands of the future and secure the strategic investment needed in the energy, water and telecoms sectors to reduce emissions, improve digital connectivity and build resilience to floods and drought.

Read the full report

thumbnail of NIC Strategic Investment Public Confidence October 2019

Latest Updates

Public views on regulation and resilience
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Public views on regulation and resilience

22 Jan 2020
Adaptive regulation, market risk and the cost of capital
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Adaptive regulation, market risk and the cost of capital

11 Oct 2019
Regulation study impact and costing note
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Regulation study impact and costing note

11 Oct 2019
Call for evidence on the future of regulation
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Call for evidence on the future of regulation

11 Oct 2019
Duties diagrams for water, energy and telecoms
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Duties diagrams for water, energy and telecoms

11 Oct 2019
Performance data for water, energy and telecoms
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Performance data for water, energy and telecoms

11 Oct 2019
Future of Regulation Study: call for evidence
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Future of Regulation Study: call for evidence

18 Feb 2019

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