Energy Bill: provisions for Ofgem strategy and policy statement
The SPS introduces a transparent process to improve alignment of the government’s strategic energy objectives & regulation of electricity
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The SPS introduces a transparent process to improve alignment between the Government’s strategic energy objectives and regulation of electricity and gas markets by the independent regulator, Ofgem, while respecting Ofgem’s independence in making regulatory decisions. This note is intended to provide background to inform debate during the passage of the Bill through Parliament and for industry, consumer, environmental and other stakeholders.