Energy company npower is calling on the UK Government to set up an independent body, which would provide impartial data on the energy sector.
Called the ‘Office of Energy’, it would be similar to the way the Office for Budget Responsibility (OBR) provides data about Britain’s public finances.
The new body would ensure there is “clear analysis of the performance and impact of all actions in delivering affordable secure low carbon energy”.
It would also look at how changes to policy, regulation and the market affect the delivery of key goals.
The energy firm suggests it could sit within one of the current institutions or be set up as a completely new organisation that works alongside existing bodies.
Paul Massara, CEO of RWE npower said: “From this foundation, we hope the energy dialogue can be reinvigorated so that we can all discuss the fundamental changes taking place within the energy industry in a way that builds consumer trust.
“An Office of Energy would support and empower a continuing open and transparent debate about the competing issues of the trilemma. It will provide greater certainty for consumers and ultimately de-risk investment decisions and new capital.”
The supplier commissioned the report titled ‘The Case for an Office of Energy’ – published by energy and economics consultancy Vivid Economics – which suggests how impartial and transparent data and reliable analysis could be provided covering all parts of Britain’s energy sector.
DECC said the government “has no plans to set up an Office for Energy”.
A spokesperson added: “We’re already making the energy market work better for consumers, including the first ever Competition and Markets Authority investigation into the sector – which the industry should back.”