Consultation outcome

Smarter regulation: extending the growth duty to Ofgem, Ofwat and Ofcom

• From: Department for Business and Trade
• Published: 20 July 2023
• Last updated: 22 November 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

This consultation has concluded

Read the full outcome

Government response: consultation on extending the Growth Duty to the economic regulators Ofgem, Ofwat and Ofcom

PDF, 355 KB, 31 pages

Detail of outcome

Summary of responses received, the government’s response to the consultation and the next steps.

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Original consultation

Summary

We’re seeking views on extending the growth duty to include the following economic regulators: Ofgem, Ofwat and Ofcom.

This consultation was held on another website.

This consultation ran from
midday on 20 July 2023 to 11:59pm on 24 August 2023

Consultation description

The consultation seeks views on whether economic regulators should be added to the scope of the growth duty provided for in the 2015 Deregulation Act. The Act put in place requirements for specified regulators and regulatory functions to have regard to the desirability of promoting economic growth when carrying out their core functions.

The consultation asks for views on the inclusion of the economic regulators (Ofgem, Ofwat and Ofcom), the impact on the regulator’s activities and evidence of impacts to regulators and businesses, as well as whether there are alternative means to improve growth outcomes.

Documents

Smarter Regulation: Consultation on extending the Growth Duty to the economic regulators Ofgem, Ofwat and Ofcom

PDF, 236 KB, 28 pages

Published 20 July 2023
Last updated 22 November 2023 + show all updates

1. 22 November 2023

   Government response added.

2. 17 August 2023

   Consultation closing date extended to 24 August 2023.

3. 20 July 2023

   First published.