Industry bodies Body Description DCC2 Ltd (DCC2) DCC2 is the successor licensee to the smart meter communication licence issued under the Electricity Act 1989 (EA 1989), selected by Ofgem in February 2026. This licence allows DCC2 to establish secure communications infrastructure and administer smart metering data received from smart meters. DCC2 is a wholly owned subsidiary of SECCo ltd. It is run on a not-for-profit basis to enact the changes implemented by Ofgem during the DCC review programme.Its predecessor, DCC, is covered at the end of this table. Electricity Settlements Company Ltd (ESC) The ESC is the Capacity Market ‘Settlement Body’, responsible for administering capacity payments to, and penalty payments from, those who are subsidised by the Capacity Market. In addition, as part of this role the ESC administers the payments from licensed electricity suppliers which fund the payments the ESC makes to those subsidies by the Capacity Market. The ESC was appointed to this role pursuant to the Capacity Regulations, SI 2014/2043, reg 80 and is wholly owned by DESNZ (which

Industry bodies Body Description Electricity Settlements Company Ltd (ESC) The ESC is the Capacity Market ‘Settlement Body’, responsible for administering capacity payments to, and penalty payments from, those who are subsidised by the Capacity Market. In addition, as part of this role the ESC administers the payments from licensed electricity suppliers which fund the payments the ESC makes to those subsidies by the Capacity Market. The ESC was appointed to this role pursuant to the Electricity Capacity Regulations 2014, SI 2014/2043, reg 80 and is wholly owned by DESNZ. The relationship between the ESC and its sole shareholder, the Secretary of State for Energy Security and Net Zero (SoS), is governed by a Framework Document. In practice, ESC shares an office, website, and senior officers with the Low Carbon Contracts Company Ltd (LCCC), which is the low carbon Contract for Difference (CfD) mechanism counterparty. LCCC is discussed in more detail in Practice Note: Industry Bodies and Codes—Renewable Energy. Great British Energy—Nuclear An arms-length body responsible for delivering the UK government’s long-term nuclear programme and to support

Industry Bodies In March 2024, the Department for Energy Security and Net Zero (DESNZ) and Ofgem launched a consultation on code reforms with a view to increasing strategic changes across the codes in the interest of consumers. For more information, see: LNB News 11/03/2024 48. In August 2024, Ofgem published its decision on the implementation of energy code reform following that consultation, setting out its and DESNZ’s intended next steps. Further, in October 2024, DESNZ and Ofgem published their joint response to the March 2024 consultation. For more information, see: LNB News 08/10/2024 38. Body Details Association of International Energy Negotiators (AIEN) (formerly known as the Association of International Petroleum Negotiators) The AIEN is an independent not-for-profit professional membership association that supports international energy negotiators around the world and enhances their effectiveness and professionalism in the international energy community. International Association of Oil & Gas Producers (IGOP) IGOP is the ‘voice of the global upstream industry’, serving industry regulators as a global partner for improving safety, environmental and social performance. National Energy System

Note that additional commentary on the issues discussed in this Practice Note in the context of the regulation, consenting and incentivisation of the net zero energy transition is available in the following textbook that we have published: Collinson and Hockman on Energy Law: Regulating, Consenting and Incentivising the Energy Transition. Industry bodies Body Description Electricity Settlements Company Ltd (EMR Settlement Body) The EMR Settlement Ltd is a wholly owned subsidiary of ELEXON Ltd (see Practice Note: Industry Bodies and Codes—Electricity and gas market) and assists the LCCC in administering CfD payment flows in its capacity as a service provider to LCCC. Gas and Electricity Markets Authority (GEMA) GEMA regulates the power and down-stream onshore gas industries in Great Britain (GB) and was created under the Utilities Act 2000 and is the overall governing body for the Office of Gas and Electricity Markets (Ofgem). GEMA sets Ofgem's strategy and policies when it meets 11 times each year. Low Carbon Contracts Company Ltd (LCCC) LCCC is wholly owned by the government Department for Energy Security and

What are energy industry codes? In addition to legislation and licence conditions, the electricity wholesale and retail markets in Great Britain (GB) are supported by a number of industry codes which set out the rules that govern the industry and to which licence holders and other participants must maintain, adhere to or become a party to, and collectively they define the terms under which industry participants can access the electricity network. Details and links to these codes are set out below. For a consolidated list of all key industry bodies and codes across the GB gas and electricity market, see Practice Note: Industry Bodies and Codes—Electricity and gas market What are Code Administrators and what is their role? Background Each industry code has a designated ‘Code Administrator’, which acts as the point of contact for each code, where further information in relation to the relevant code can be found by users. Each Code Administrator must administer their functions in respect of their respective codes in accordance with the Code Administration Code of Practice (CACoP) and acts as a

What are energy industry codes? In addition to legislation and licence conditions, the gas wholesale and retail markets in Great Britain (GB) are supported by a number of industry codes which set out the rules that govern the industry and which licence holders and other participants must maintain, adhere to or become a party to, and which collectively define the terms under which industry participants can access the gas network. Details and links to these codes are set out below. For a consolidated list of all key industry bodies and codes across the GB gas and electricity market, see Practice Note: Industry Bodies and Codes—Electricity and gas market. What are Code Administrators and what is their role? Background Each industry code has a designated ‘Code Administrator’, which acts as the point of contact for each code, where further information in relation to the relevant code can be found by users. Each Code Administrator must administer their functions in respect of their respective codes in accordance with the Code Administration Code of Practice (CACoP) and acts as a 'critical

MedTech Europe, along with Eurom and EuromContact, has called on the European Union to broaden the scope of electronic instructions for use (eIFUs) so that they can apply to certain medical devices intended for non-professional users. The trade groups argue that eIFUs are suitable in cases where a healthcare professional provides initial guidance at the first use of a device and where repeated use allows individuals to gain confidence and proficiency. They highlight products such as contact lenses, urinary catheters and diabetes management devices as prime examples that would benefit from this approach. According to the groups, expanding the use of eIFUs would not only improve accessibility of health information but also help to reduce the environmental footprint of these medical products.

The Department for Business and Trade has announced the UK’s plans to unlock opportunities for the mining business and bolster the UK minerals supply chain. Industry Minister, Nusrat Ghani, visited Mongolia in order to engage with senior Mongolian government and business leaders to explore the significant opportunities available for UK businesses across the critical minerals supply chain, to prepare for the increase in the world’s demands for mineral supply, which is expected to be four times as much as today by 2040. The Minister will also engage with the Mongolian private and business sectors to hear about their successes and encourage a UK-Mongolian business community partnership to boost growth and prosperity. Similarly, she will meet with the world’s second-largest mining company, Rio Tinto, to explore how UK mineral business can capitalise on Rio Tinto’s US$16bn investment with the Government of Mongolia.

The House of Lords Industry and Regulators Committee has launched an inquiry into building safety regulation, with a specific focus on the Building Safety Regulator (BSR), established under the Building Safety Act 2022 (BSA 2022). The Committee is seeking evidence from stakeholders on whether the BSR has the necessary skills and resources to effectively ensure the safety of all buildings and their residents, particularly in relation to the approval process for high-rise buildings. Written submissions are invited by 31 August 2025, and public evidence sessions are scheduled to take place between June and September 2025. The Committee aims to report its findings to the House of Lords in autumn 2025.

The House of Lords Industry and Regulators Committee has launched an inquiry into the relationship between UK regulators and economic growth, in light of the government’s ambition for regulators such as Ofgem, Ofwat and Ofcom to support investment, innovation and productivity. The inquiry follows the government’s decision in 2024 to extend the statutory ‘Growth Duty’ under the Deregulation Act 2015 to these key economic regulators. It will consider how Ofgem and other regulators interpret and apply this duty while maintaining protections for consumers, ensuring market stability and delivering the energy transition. The Committee will also assess how regulators are responding to the government’s March 2025 Action Plan, which aims to simplify regulation, reduce administrative burdens, currently estimated at £22.4bn annually by 25%, and tackle what the government describes as ‘excessive risk aversion’. Written submissions are invited by 9 January 2026, with oral evidence sessions expected to take place in early 2026. The Committee intends to report its findings to the House of Lords later in 2026.

The House of Lords Industry and Regulators Committee has published its second report of Session 2024–26, which examines the performance of the Building Safety Regulator (BSR). The regulator was created by the Building Safety Act 2022 in response to Dame Judith Hackitt’s 2018 review, commissioned after the Grenfell Tower fire. The report identifies operational and capacity issues, warning that delays and resource constraints are affecting both safety oversight and housing delivery. Operating within the Health and Safety Executive (HSE), the BSR is responsible for approving new high-rise residential buildings, overseeing remediation activity and regulating building control professionals.

The International Capital Market Association (ICMA) and other financial industry bodies have issued a statement on the Markets in Financial Instruments Regulation (MiFIR) regulatory technical standards (RTS 2) post-trade deferral framework for bonds. The European Securities and Markets Authority (ESMA) is tasked with establishing the RTS for a revised post-trade transparency regime for the EU bond markets, which is intended to come into force with the introduction of the consolidated tape. In the statement, the joint associations recommend that ESMA review its current proposals, which it published for consultation in May 2024, and instead ‘adopt an approach that is more scientific and data driven’.