In a powerful report the House of Lords Economic Affairs Committee has made comprehensive recommendations on key energy policy issues including on energy generation, energy cooperation with European partners, onshore wind, nuclear and the RAB model, blue and green hydrogen and carbon capture and storage.
All these issues will be of high importance to the incoming government. Many of them and in particular the need for a joined up energy strategy were addressed by infrastructure leaders at Hartwell House.
We are very pleased therefore that Lord Bridges of Headley MBE, the Chairman of the House of Lords Economic Affairs Committee, will join The Infrastructure Forum to lead a discussion on these issues at a special roundtable.
Recent Regulation Events
2022 ANNUAL REGULATION SUMMIT
The Regulation Summit provided a unique opportunity for the Chairs of the UK’s economic regulators to set out their strategic assessment and priorities for the years ahead. It will allow them to share their thoughts, vision, experience and the approach of their boards and in particular to explore the issues common to all the regulated sectors and the way in which regulation can be joined up in a digital age.
LEADERS OF THE UK & EU COMPETITION AUTHORITIES
The Forum was very pleased that the leaders of the UK and EU Competition authorities joined a Forum special videoconference on Tuesday 1 March 2022 to address the Outlook for Competition Policy and Decisions in 2022.
Joining the meeting were:
Niall Mackenzie CBE, Director, Consumer & Competition Policy at the Department for Business, Energy and Industrial Strategy
Jonathan Scott, Chair of the Competition and Markets Authority
Hon Mr Justice Marcus Smith, President of the Competition Appeal Tribunal
Olivier Guersent, Director General of Competition, European Commission
TIF were glad to be joined for a special video conference exploring the Governments future approach to economic regulation by the official in BEIS responsible for this work, Niall Mackenzie CBE, Director, Consumer & Competition Policy.
The video conference gave the Forum's network an opportunity to continue to help design these very promising initiatives.
THE FUTURE OF REGULATION IN THE UK
PREPARING THE POLICY DOCUMENT ON ECONOMIC REGULATION
The Infrastructure Forum was highly active in 2021 on government plans to develop policy on the future regulation of network industries including by producing the Ross Report on the key issues in this area.
As government prepared to produce a policy document on economic regulation, we were pleased to have the opportunity to discuss key issues and priorities with the officials at HM Treasury and BEIS leading this work, Joanna Key, Director, Growth and Infrastructure at HM Treasury and Niall MacKenzie CBE, Director, Consumer & Competition Policy at BEIS.
Following the publication of Rt Hon John Penrose MP's report to the government, Power to the People, on stronger consumer choice and competition in regulated markets, TIF held a special video conference with John Penrose and Cathryn Ross to explore further the themes in John's report, compare them with the Ross Report, and explore the best way forward for delivering effective outcomes in regulated businesses.
JOHN PENROSE MP - POWER TO THE PEOPLE
RISK, REWARD & REGULATION
Cathryn Ross, former CEO of Ofwat and Group Regulatory Affairs Director at BT Group has drawn on the public and private sector members of The
Infrastructure Forum network to produce an important report on Risk, Reward and Regulation which was launched at a special video conference.
Cathryn Ross was joined to discuss the report by Niall Mackenzie, Director, Consumer & Competition Policy at BEIS, Joanna Key, Director of Growth and Infrastructure, HM Treasury and Christopher Woolard, Chair of EY Global Financial Services Regulatory Network and former Interim CEO and Executive Director of the Financial Conduct Authority.
The Forum were examining the key issues facing economic regulators and the businesses affected by their decisions in energy, water, communications and transport sectors.
Cathryn Ross, Group Director of Regulation at BT Group and former Chief Executive of Ofwat led this work and joined the Forum for a virtual roundtable when regulators, experts, advisers and market participants were invited to feed in their views.
VIDEOCONFERENCE WITH CATHRYN ROSS