It is vital that regulators drive the right kind of growth with their rules. In our latest consultation, we are not in favour of extending the 2015 Deregulation Act Growth Duty to Ofwat and Ofgem. There is a risk, that despite its intentions, the Duty has unintended negative consequences by strengthening industry interests at the expense of consumers, wider society and the environment.

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In this consultation to the Department of Energy Security and Net Zero (DESNZ) on the community benefit of electricity transmission network infrastructure we argue that greater funding and clarity on how new projects will benefit local communities is vital. We also are weary of a voluntary approach and believe communities must be properly engaged within this process

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There is a received wisdom in orthodox economics and treasury theology that argues against governments ‘picking winners’. The classic example that this is not a good idea would be Concorde – a winner ‘picked’ by the UK and French governments which went massively overbudget, and never succeeded in claiming more than a very small niche market with few commercial spin-offs.  

The Mail on Sunday's recent article “Hard-up customers of energy firm OVO hit with shock emails telling them to pay hundreds of pounds in unexpected charges[1]” is a stark reminder of two glaring problems in the energy industry. Firstly, Ofgem needs to deliver on its promise to strengthen back-billing protections for customers. Secondly, smart meters need to deliver on their promise of accurate bills.