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.
A 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.
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.
Coming up in 2024
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 foot of each website page.
Commission welcomes net zero duty for Ofgem
The goverment has confirmed plans to amend the Energy Security Bill, currently before the House of Commons, to give the energy regulator Ofgem a new explicit net zero duty. The amendment will legally require the regulator to ensure its decisions assist the governmen’s drive to deliver zero greenhouse gas emissions by 2050 and boost investment...
Parliamentary Committee backs Commission’s plan for stronger infrastructure resilience
A Parliamentary Committee has called on government to act quickly on National Infrastructure Commission recommendations to improve the resilience of key infrastructure services, in a hard hitting critique of government’s current approach to ensuring security of key national infrastructure. In a report published today (27 October 2022), the Joint Committee on the National Security Strategy...
Commission calls for “real policy changes” on utilities regulation
The government has today (31 January 2022) published a policy paper in response to the Commission’s 2019 study on regulation, Strategic Investment and Public Confidence. This study highlighted that, whilst the current system of regulation had generated significant investment over the past decades, it was increasingly facing new challenges that it was not designed to...
Adaptive regulation, market risk and the cost of capital