APPENDIX 5: The Regulatory Framework
(a) reflecting the devolution of responsibility for
setting certain public good standards, such as reliability and
security of supply, to the sectoral 'economic regulators' (accompanied
where relevant by ministerial 'guidance').
(b) reflecting inter-regulatory dialogue, the requirements
of the BRTF good regulation principles, and cost-benefit tests
when setting standards.
(c) reflecting the impact of 'social action' plans
required of economic regulators by government by way of ministerial
* sectoral economic regulators of water, energy,
transport and communications, such as Ofwat, Ofcom, Ofgem, CAA,
ORR and SRA; national competition authorities, such as the Office
of Fair Trading (OFT) and the Competition Commission; other prudential
and market regulators, such as the Financial Services Authority
(FSA) and the Occupational Pensions Regulatory Authority (Opra).
** delivery of consumer policy involves (and will
be influenced by) bodies such as the National Consumer Council
(a public body), the Consumers' Association (CA) and the National
Association of Citizens Advice Bureaux (NACAB), and sectoral bodies
such as Energywatch and WaterVoice. Internationally, for example,
there is the European Consumers' Organisation (BEUC).