The results of a series of Government reviews aimed at addressing the confusion and burden placed on businesses by the regulatory and policy framework governing the energy sector has been published.
The aim of the Government “Cutting Red Tape Review” was to seek the opinions of businesses affected by regulatory legislation (and its implementation), with the objective of delivering its commitment to cut “£10 billion of heavy-handed over-regulation”*
What were the review findings?
After consultation with scores of companies, the review (run jointly by the Cabinet Office, Department for Business, Innovation and Skills, Department of Energy and Climate Change and Ofgem) produced several key findings affecting the energy regulatory landscape.
So what happens next?
After taking on board the points raised from the review, the Government has made further commitments to;
*Speaking at the BCC annual conference, Business Secretary Sajid Javid said: "This government is delivering on its commitment to free firms from £10 billion of heavy-handed over-regulation and build a more productive Britain. Hundreds of businesses responded to our Cutting Red Tape reviews and we are taking decisive action based on their experiences."
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