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Measures published this week to curb potential conflicts of interest at National Grid as it delivers Electricity Market Reform (EMR) are “much better than the industry expected”, according to leading energy consultant Lisa Waters.
The Department of Energy and Climate Change (Decc) has finalised its proposals for resolving conflicts that, left unaddressed, could add £1.5 billion to consumers’ bills by 2030 and add £80 million to National Grid’s profits.
“At the high level it all sounds OK. Let’s see the licence draft and the legislation and how it all plays out,” said Waters.
The conflicts of interest sparked vocal industry and political criticism, and Waters said Decc and Ofgem had “moved further from their original position” than many anticipated.
Decc nonetheless opted for business separation rather than the legal split of operations favoured by most of the industry.
This article first appeared in Utility Week’s print edition of 3rd May 2013.
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