Report of the Lords committee on economic regulators
Report (129 pages, PDF) and evidence (646 pages, 4.4M PDF) from the House of Lords' select committee on economic regulators.
The report recommends:
- Establishing a secretariat and other administrative structures for the Joint Regulators Group (JRG).
- That “utility regulators should look to bring more cases to the competition authorities and that the regulators should work to ensure that the cases most likely to establish useful precedents are brought to the Competition Commission”.
- Retaining concurrency for competition law enforcement, but with a right for complainants to involve the OFT if they do not trust the sectoral regulator.
- That “Ofwat should examine critically whether it could not find a more constructive approach to implementing the CAT's findings” (on the Water Act 2003 access pricing regime).
An NAO report (23 pages, PDF) on the use of impact assessments by regulators was also published.
For further information or advice please contact Franck Latrémolière.
Filed under NAO, Regulators, UK parliaments, Water.
