Philip Hammond Calls for Review of Utility Regulation
Philip Hammond has announced a review of utility regulation, which could see the creation of a single watchdog covering gas, water and energy.
The chancellor of the exchequer has commissioned the National Infrastructure Commission to carry out an independent study of the telecoms, energy and water regulators.
The review is part of a package of measures, which the Treasury says is designed to support businesses to boost skills, growth and prosperity in the new economy.
At a fringe meeting organised by Centrica at the Conservative party conference this morning (2 October), junior Treasury minister Robert Jenrick MP, said: “We’ve asked the NIC to work with us on how to improve regulation and what are the range of options across industries to make them more consumer focused and inject more competition…” (Read the full story)