BIS to review energy “red tape”
BIS confirmed on Thursday 16 July that it was to review barriers to growth and productivity in the energy sector. The review will be part of the government’s “cutting red tape” programme, which is aiming to “get rid of unnecessary bureaucracy” and “shine a light on out of date legislation”. In energy, it is seeking views on current regulation, the compliance burdens faced in the sector, and whether the regulatory framework could more effectively support innovation and disruptive business models in the sector. The review will cover the whole energy sector apart from: retail markets, which are currently under examination from the CMA; business energy efficiency taxes; and new regulatory frameworks currently being established.