Ofgem invites firms to trial new business models

Ofgem is inviting firms to trial new business models and products that cannot currently operate under existing regulations. It has launched the second window of the “regulatory sandbox” for businesses […]

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By Priyanka Shrestha

Ofgem is inviting firms to trial new business models and products that cannot currently operate under existing regulations.

It has launched the second window of the “regulatory sandbox” for businesses looking to introduce innovative or significantly different propositions to the energy sector.

To be eligible, businesses must offer innovation that benefits consumers and demonstrate what regulatory barrier currently exists that impedes the firm from trialling the new proposition.

Throughout the regulatory sandbox, Ofgem will provide bespoke advice upon which the innovator can rely for up to 24 months from the granting of a sandbox.

The second window is open for expressions of interest until 27th October 2017.