Consultation outcome

Economic regulators: encouraging closer co-operation

From:
Department for Business, Innovation & Skills
Published
6 October 2014
Last updated
27 March 2015 — See all updates
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Download the full outcome

Collaboration between Economic Regulators: Options for embedding joint working between economic regulators - government response to the consultation

Ref: BIS/15/198

PDF, 376 KB, 24 pages

Detail of outcome

The government will allow a voluntary approach to co-operation. We will continue to review the UK Regulators’ Network, and will carry out a review of the effectiveness of the current approach in 2016.

Feedback received

Economic regulators closer cooperation consultation: responses

7.66 MB

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Detail of feedback received

We received 23 responses from:

  • firm in a regulated sector (12)
    • energy (8)
    • rail (1)
    • communications (2)
    • aviation (1)
  • regulator (7)
  • consumer body (1)
  • consultancy (1)
  • government (1)
  • trade association (1)

Original consultation

Summary

We are seeking views on how we can help support closer working between UK economic regulators.

This consultation ran from
to

Consultation description

Economic regulation, eg controlling prices and encouraging competition, is important to us. So are the benefits resulting from the independence of the regulators from government.

To further improve the UK’s model of independent economic regulation, the regulators have created a new UK Regulators’ Network (UKRN). This replaces the work of the previous Joint Regulators’ Group (JRG). We believe the UKRN marks a significant step forward from the JRG and could form the basis for effective co-operation between the regulators on important issues. We believe that this could lead to greater efficiency and better results for businesses, consumers and the economy.

We want to know your views on:

  • how closer co-operation between regulators could lead to better results for business, consumers and the economy
  • whether there are any barriers that inhibit closer working
  • how we can best support and encourage the UKRN, and more widely help to embed co-operation between the regulators

Documents

Collaboration between economic regulators: options for embedding joint working between economic regulators

Ref: BIS/14/940

PDF, 159 KB, 35 pages

Published 6 October 2014
Last updated 27 March 2015 + show all updates

  1. Public feedback and government response published.

  2. First published.