DECC Ninth Statement of New Regulation

The Ninth Statement of New Regulation (SNR9) is the last of this parliament. Over the parliamentary period, the Department of Energy and Climate Change (DECC) has contributed a £718.28 million reduction in annual regulatory costs on business. The majority of these reductions have been introduced within the “One - in, Two - out” (OITO) reporting period which commenced in January 2013.
Since then DECC has contributed £714.55 million of savings to business, the highest of all the departments. During SNR9, DECC will introduce measures to simplify the existing procedures for obtaining the right to use underground land for both geothermal and oil and gas, while ensuring that the existing regulatory regime remains intact.

These policies have been confirmed to reduce costs to business by £0.52m and £65.09m respectively each year.
Additionally, DECC is introducing regulatory measures to address several market failures inherent in the energy market: the lack of clear information available to many domestic energy consumers; the higher costs faced by non - domestic electricity consumers in rural areas; and placing a limit on the carbon emissions from new fossil fuel power station.