Responding to the Government’s announcement to cut regulation costs and boost growth, Dhara Vyas, chief executive at Energy UK, said:
“Aligning regulation with growth is long overdue. It’s vital that regulators hit the right balance between enabling growth and innovation in their sectors and other duties. Energy is an essential service. Issues like customer protection are of fundamental importance, and regulation needs to be proportionate, objective and evidence based. When the regulator’s goals are unclear or conflicting, it can lead to lengthy, unfocussed interventions that fail to acknowledge the challenges facing businesses in this sector and can discourage innovation and investment.”