Gemserv welcomes the opportunity to respond to the Future of Regulation Call for Evidence, recognising that this is a particularly pertinent time to consider the future of regulation as it sits against the backdrop of the energy market transformation and market governance modernisation.
We note that the Chancellor has asked the National Infrastructure Commission (NIC) to assess what changes might be necessary to the existing regulatory framework to facilitate future investment needs in infrastructure, while promoting competition and innovation and meeting the needs of both current and future consumers.
In response to this, Gemserv’s assessment is that while the energy system has worked well to date, continuing to deliver the needs of users the rapidly transforming energy sector is being hampered and frustrated by outdated regulation and governance, serving as a straitjacket on today’s innovators and businesses. It is not working as it should, and it is not fit for a new energy future driven by data.
Our assessment draws upon our unique insight across the energy and water markets, including in our capacity as a central energy code governance body overseeing market interoperability and consumer protection, and consultancy services in energy/water policy and regulation, smarter markets, connected devices, information security, digital transformation and data protection.
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