Single Energy Regulator

Commission says a single regulator should remain even in the event of a 'yes' vote in the Scottish referendum.

An independent group of experts say the UK should keep a single energy regulator in the event of Scottish independence.

The Commission on Energy Regulation says combined regulation of single markets operates in other parts of the EU and could work here.

The report says the move would maintain confidence from investors funding long term projects, and help consumers who are facing rising bills.

The Commission, comprising energy industry, consumer experts and academics, and headed by senior counsel and former SCDI chairman Robert Armour, was set up last year to offer independent advice on energy in an independent Scotland. 

Robert Armour, Chair of the Expert Commission, said:

"In the event of independence there are undoubtedly issues that will have to be settled between the two administrations. We share a common integrated system and have a common interest in energy security. Looking to Europe and beyond we found working models of cross-border partnerships delivering jointly-regulated integrated markets that show single markets can work with goodwill and cooperation.

"Eradicating fuel poverty has proved an intractable challenge. We believe a more radical approach is now needed. We see an opportunity to better target delivery to disadvantaged and vulnerable consumers through accessing data already held on social need. In the future we will be able to take this approach further using the improved data that will come from the roll out of smart meters.

"Scotland's natural potential makes it a cost-efficient place to develop renewable resources. We see a benefit to both Scotland and the rest of the UK in enabling this economically efficient development of renewable potential to continue."