Future Retail Regulation Stakeholder Workshop - 7 July 2015
Agendas, minutes and presentations
Publication date
Industry sector
Supply and Retail Market
In our Corporate Strategy we stated that over time Ofgem hopes to rely more on general standards of conduct rather than detailed rules about what companies can and cannot do. We are currently exploring what this transition to an increased reliance on principles might look like and have been undertaking an extensive programme of stakeholder engagement to inform our forward approach.
We are committed to ensuring our regulatory approach offers consumers the fullest protection, while enabling industry to innovate and supporting a competitive market. We see both prescriptive rules and rules based on principles or outcomes as an important part of this regulatory framework. We also want our rules to support the innovation that will be unlocked through the rollout of smart meters, so that consumers can realise the full benefits of this rapidly evolving market.
On 7 July we held a workshop with stakeholders – including suppliers, consumer groups, industry bodies and other organisations – to discuss future retail regulation, including the role of prescription and principles in regulating the market in the future. Below are the slides from this event and a note outlining some of the main themes emerging from the breakout discussions.