Q3 2025: Energy Policy 
& Regulation Report

The energy transition is no longer just a technical challenge – it’s a political one. While net zero remains the ultimate goal, a more fractious political landscape is turning it into a point of contention and a tool for leverage.

Our latest Energy Policy & Regulation Report explores how these dynamics are reshaping the energy landscape, and provides in-depth insight on the following:

  • Expanded non-commodities exemptions: Labour’s Industrial Strategy now includes expanded non-commodities exemptions to support more industries, encourage investment, and give businesses greater flexibility in navigating regulatory and market challenges.
  • First RAB-funded nuclear project: Sizewell C could open doors for investment and business across the nuclear supply chain.
  • RIIO-3 draft determinations released: Ofgem outlines 2026-31 controls for electricity and gas networks, with a focus on capping revenues, rewarding performance, and driving innovation.
  • No to zonal pricing, yes to national reform: having decided against zonal pricing due to its complexity and distributional challenges, we wait to see how the Government will implement a fairer, more efficient pricing system.
  • Other industry news: key milestones leading up to Market Wide Half Hourly Settlement, and other incentives for delivering clean, efficient and reliable energy.