BEAMA is to support the launch of ReDESIGNING REGULATION – Powering from the future.
Launched in Parliament on the 11 December this report helps to untangle the ‘spaghetti of regulation’ that currently exists for the energy sector and return the UK to the forefront of regulatory innovation.
A decarbonised, decentralised and digitalised energy system does not fit into the current regulatory framework. The authors propose as a nation we need to ‘re-engineer the system’ and to do this requires a ‘fundamental rethink of the market design, starting at the plug’.
BEAMA agrees doing nothing is not an option to avoid missing out on opportunities for innovation and the UK will be ill-equipped to regulate and manage an increasingly complex system to ensure consumers are protected.