Ofgem has commissioned this independent review of the industry codes governance arrangements, to assess the effectiveness of the arrangements. For the purpose of this review we have:

• Surveyed the views of code parties via a questionnaire.
• Surveyed the views of code administrators via a second questionnaire.
• Undertaken in-depth case studies of modification proposals involving the three most prominent industry codes (BSC, CUSC and UNC).
• Surveyed practice in other liberalised power markets (Scandinavia, Australia, the US, Northern Ireland) and in other UK regulated industries (post, rail, telecoms).
• Produced a set of conclusions on the current workings of the governance arrangements.
• Created a recommended set of changes to the governance arrangements and a second set of more limited changes that would still deliver considerable benefits.

Below we summarise our findings and recommendations.

View Report