In October 2018, the government asked the National Infrastructure Commission to conduct a new study into regulation of the UK’s energy, telecoms and water industries, to ensure the necessary levels of investment and innovation whilst these critical services are kept affordable for everyone. The terms of reference for the study are available here.
The final report of the study – Strategic investment and public confidence – was published on 11 October 2019. It says that the UK’s regulatory system must adapt to meet the demands of the future and secure the strategic investment needed in the energy, water and telecoms sectors to reduce emissions, improve digital connectivity and build resilience to floods and drought.
The Commission’s study examined what future changes will affect the regulated sectors, competition and innovation, regulatory consistency and how government and regulators work together. It also considered the full range of potential implications of any changes, paying particular attention to the need to keep bills affordable and to ensure vulnerable customers are protected.
A call for evidence supported the study, submissions for which were open until April 2019.