Review of Supply Licences to Facilitate Retail Market Innovation - Call for Evidence
The UK government has set a ‘Net Zero’ target for carbon emissions by 2050, which is a key driver of what is now commonly referred to as the energy transition. This transition to a low carbon future will transform how consumers use energy and engage with the energy industry.
UR aims to ensure that the retail market regulatory framework in place does not impede energy suppliers from developing innovative products to facilitate greater consumer engagement in the energy transition. UR believes that facilitating energy suppliers to innovate—whilst still ensuring high level of consumer protection—is to the long-term benefit of all energy consumers in NI.
Therefore, today UR publishes this Call for Evidence, which constitutes the formal commencement of our ‘Review of Supply Licences to Facilitate Retail Market Innovation’. With this project, we aim to identify whether aspects of the existing supply licence framework inhibit or prevent suppliers form innovating. We invite views from all stakeholders on the questions posed in this paper.