Innovation delivers benefits for citizens, consumers and the economy and is high on the agenda for UKRN members. We were therefore pleased to see the government’s recent consultation on innovation in regulated utilities, which recognises the work regulators are doing in this area.

The UKRN’s response focuses on the importance of innovation, the role of regulators in encouraging and facilitating greater innovation while ensuring consumers remain protected, and the role of the UKRN in facilitating knowledge sharing and learning across the regulators in this area.