DECC asks energy sector for advice on boosting innovation
The Department of Energy and Climate Change (DECC) has launched a public consultation in a bid to ensure that regulation in the energy sector is encouraging innovation.
The consultation opened on 15 January and will run for four weeks. Stakeholders are being asked to share their views on three specific questions: –
1) How can legislation help support new technologies and business models?
2) How is new technology likely to shape the energy sector?
3) How can regulators better utilise new technologies to generate efficiency savings and reduce burdens on business?
The consultation focuses on the activities of DECC and the Oil and Gas Authority, with other energy sector regulators undertaking parallel engagement exercises.
Commenting on the consultation, Energy and Climate Minister Lord Nick Bourne said: “Innovation has the power to transform the energy sector and the way we live every day.
“We are committed to cutting red tape and creating industry environments that foster new ideas and give technologies a commercial edge.
“Collaboration is key and I look forward to hearing the ideas from industry so we can ensure an innovative energy sector that works for hardworking families and businesses.”
In its plan to improve the UK’s productivity, announced last July, the Government required all departments to publish an ‘Innovation Plan’ by spring 2016.
edie Live’s Innovation Competition
Innovation and emerging technologies have become essential building blocks for a sustainable future. Recognising this, edie Live has designed a competition specifically designed to promote and support innovation in the sustainability space.
Building on the launch of the Innovation Zone last year, we are looking for the best ideas that we can help turn into market-ready propositions.
© Faversham House Ltd 2023 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.