The one about a foreign utility investor and the UK government

I’m talking to Tim Tutton who was in the mainstream of UK electricity and gas market reform from the late 1980s, including 8 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 considered what an ideal relationship between a government and its regulator might look like. This week, he contrasts that with recent experience.