How regulated companies should conduct themselves with their regulators

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.

Last week, Tim explained how the energy policy regime in the UK sees the regulated system operator taking an increasingly key role in setting policy – more focused on enabling competition for long-term contracts than instantaneous competition for dispatch.  In this, the final episode of this series, he offers some thoughts on how regulated companies can conduct regulatory reviews without the process degenerating into hostility.