Critique of the Industry Codes Governance Arrangements
Prepared for Ofgem
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.
