UK regulators need duties on long-term investment, says GIIA
Government should ensure regulators play their part in facilitating investment in energy, water and telecoms infrastructure
In our response to the Government's consultation on Smarter Regulation: Strengthening the economic regulation of the energy, water, and telecoms sectors, we highlight the need for new, economic duties that require regulators to allow for the long-term infrastructure investment that the UK desperately needs.
Moreover, we strongly advocate for the overhaul of Strategic Policy Statements (SPSs), making the case for clear economic priorities that create an environment conducive to greater investment. And we emphasise the critical need for a resilient appeals system, ensuring investors have a fair and reasonable recourse in instances of regulatory disputes. These recommendations stem from extensive feedback from our members, which highlights the importance of a more attractive and smarter regulatory framework.
Read our consultation response at the top right of this page.