techUK is pleased to be supporting Phase 2 of the ReShaping Regulation Project with a series of workshops on relevant areas.
The ReShaping Regulation project published its first, and well-received, report last year painted a long-term destination of the energy system and proposed a new set of regulatory principles focused around the consumers, data, markets and system security. The Project is led by Laura Sandys, a former member of the Energy and Climate Change Select Committee, Dr Jeff Hardy, Imperial College Business School and continues to be supported by Ofgem.
Phase 2 of the project aims to develop more focused next steps around each of these areas. This workshop will help shape the development of the “Impact of New Data Technologies on the Energy System”. Members input will help shape some key regulatory and policy steps that could increase and/ or accelerate the positive impact of technologies on the energy system. In particular the project is interested in exploring what impact these new developments have on security of the system, greater productivity of the system, optimising supply and demand and consumer protection.
The aim of the workshop is to:
- Lead to greater understanding and analysis of how data science, new technologies and deployment is transforming other sectors,
- Map new tech and data science developments onto some of the key energy functions,
- Outline the key tech and data transformations that the energy sector should investigate to deliver a more optimised consumer centric system,
- Assess the impact of the near to medium term innovations on the sector
Outline new business models that might emerge from innovation,
- Recommend regulatory changes to reduce the barriers to data sharing while maintaining the appropriate protections,
- Incorporate the findings into what regulation should be asking from the overall system in terms of innovation and increased productivity.