DECC consults to encourage innovation in energy

A new consultation to ensure regulation in the energy industry encourages innovation has been launched. DECC aims to find out how effective the current policies are in boosting innovation, focusing […]

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By Priyanka Shrestha

A new consultation to ensure regulation in the energy industry encourages innovation has been launched.

DECC aims to find out how effective the current policies are in boosting innovation, focusing on its activities as well as that of the Oil and Gas Authority.

It is seeking specific responses on how legislation and enforcement frameworks can help support new technologies and business models to encourage growth and how innovation is likely to shape the energy industry.

It is also inviting views on how regulators could better utilise new technologies to generate efficient savings and reduce burdens on businesses.

Energy Minister Lord Bourne said: “Innovation has the power to transform the energy sector and the way we live every day. We are committed to cutting red tape and creating industry environments that foster new ideas and give technologies a commercial edge.

“Collaboration is key and I look forward to hearing the ideas from industry so we can ensure an innovative energy sector that works for hardworking families and businesses.”

The consultation ends on 11th February.