Innovation and the governance of energy industry codes
Dr. Matthew Lockwood (University of Exeter Energy Policy Group) Energy industry codes are detailed multilateral agreements that define the terms under which participants can access networks and operate in markets. Adherence to codes is embedded in licence conditions. Codes thus effectively determine the detailed working of the gas and electricity systems and for any aspect of energy policy to function well industry codes must be sufficiently aligned with that policy (CMA 2015a). Despite their importance, relatively little attention is paid to codes in academic research. With the energy system facing a period of rapid and far-reaching technological and institutional change, a key question is whether and how codes can be adapted to facilitate and support such change. Codes are ‘living documents’, and are continually being modified, so the answer to this question lies with the governance arrangements for code modification. The underlying principle for code governance, established at privatisation, has been self-governance by industry (with the regulator holding a final veto power). This is effectively a form of double delegation from the political sphere (Flinders 2008), in which Read more…
Categories: Academic Papers, Energy policy
Tags: codes, Electricity, governance, information, Regulation
Lockwood-Innovation-and-the-governance-of-energy-industry-codes1.pdf 741.44 KBLockwood-Innovation-and-the-governance-of-energy-industry-codes.pdf 681.34 KBSep
2016