Tag: regulation
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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...
Letter to Ofwat on water company asset management
Commission Chief Executive James Heath has written to Ofwat Chief Executive David Black about asset management in the water sector, specifically the approach to ‘base cost’ maintenance costs for ensuring day-to-day services (e.g. replacing water mains pipes). The letter raises concerns about the lack of a consistent understanding of asset condition across the sector and...
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...
Regional water plans a positive step towards drought resilience for England
Commitments by water companies to take action together to secure long term water supplies for consumers and businesses in England have been welcomed by the Commission as an important step towards achieving long term resilience to drought. Consultations are now underway on new draft water resource management plans by the five regional water resources groups....