Do industry-specific regulators have a future?

I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including eight years as Director of Regulation at National Grid.

Tim wrote a stimulating paper Does Ofgem have a future? for the economic consultancy Oxera in May this year. It’s a provocative challenge and I thought it would be fun to invite him onto the podcast to explore the themes in it – both his specific observations about the UK and the general issues they raise about governments and their agencies in our industry.

In this first interview, Tim explains what led him to the suggestion that the role of industry-specific regulators can change dramatically when government policies for that sector change.