Cross-sectoral cooperation between regulators The use of regulatory and competition powers; new investment in UK infrastructure, and consumer welfare

Economic regulation and competition have a big role in helping to ensure investment is efficient, and to reconcile the interests of consumers and investors. In this context, regulatory coherence and stability – the theme of today’s conference - has rarely been so important. This paper discusses: • the relationship between competition and regulation, and the way regulators use their powers; • the importance of independent regulation in ensuring efficient service delivery for consumers, particularly against a background of major investments in UK infrastructure; and • how the regulators are working together to improve the effectiveness, consistency and efficiency of economic regulation.