Industry Code Governance; Initial Consultation on Implementing the Competition and Markets Authority’s recommendations
Published On: 21st February 2017
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We welcome the opportunity to respond to the initial consultation on Implementing the Competition and markets authority’s recommendations. We have responded to a number of your specific questions.
In our previous responses (e.g. to the CMA), we explained there are a number of important considerations to take into account as we move forward with respect to the proposed remedies, noting in particular the ‘Recommendations’ which propose an Ofgem Strategic Direction, Consultative Board, and in particular the Recommendation that seeks to licence code administration and delivery services.
The recent workshop, hosted by Ofgem on the 12th January 2017, was a really useful exercise. The opportunity to share in open forum thoughts and ideas on how best to move forward was particularly welcome. We look forward to continuing to support your work in this area and will play an active role in helping Ofgem to define the most optimum framework that will deliver the right outcomes against the spirit of the CMA’s Recommendations.
In this response, we highlight the following key aspects:
Securing a licensing framework will, more than likely, be delayed as a consequence of the demanding government legislative timetable (e.g. Brexit). Nonetheless, this time can be put to good effect in the delivery of other measures;
We support the principle concept of a Strategic Direction and Consultative Board, and believe that subject to correctly framing, these could play a key role addressing the CMA’s remedies; and
The positive role of competition and the benefits this brings has always been central to our company philosophy. The delivery of any measures should build upon and not adversely impact the opportunities.
Our work means different things to different clients and we wanted to share some details of the projects we have managed to give you an insight into our capabilities and the impact we have delivered as a business.
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