Reforming Outdated Energy Governance

Energy markets are facing a dramatic transformation. This is being driven by changes in technology, consumer expectations

Energy markets are facing a dramatic transformation. This is being driven by changes in technology, consumer expectations and the climate change emergency. Consumers and businesses are being empowered by new technologies to produce, store, and trade energy. New entrants and innovative business models are emerging, with open data likely to play a critical enabling role.

Gemserv’s aim is to help create the energy market required for this exciting future. While the current rules have been effective in supporting market developments since deregulation in the 1990s, they are now widely criticised as reactive, complex, and lacking coordination – in short, they are outdated and need to catch up. The Government’s current Energy Codes Review could be the catalyst to drive this change, and Gemserv is today setting out proposals to help inform the outcome of the Review.

While many improvements have been made, industry self-governance of codes and their administration remain complex, uncoordinated, and slow to adapt. They present a potential barrier to new industry participants (including domestic consumers) and new business models.

Our latest thought leadership paper discusses our vision for an integrated change programme focused on three key elements:

  • A clear strategic direction from Government and Ofgem;
  • A new self-governance framework; and
  • A new operating model.

Read our latest paper by clicking the link below to find out more about our vision for the future:

https://www.gemserv.com/wp-content/uploads/2019/11/Future-Energy-Markets-reforming-outdated-governance-web.pdf

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