Ofgem is continuing to review which of its data-related regulatory work could or should align with recommendations made by the Energy Data Taskforce (EDTF).
As a result the energy regulator has called on the industry for views on the use of data and how it can be better used to suit the sector.
Ofgem has already stated its intention to include EDTF recommendations in several regulatory position papers including an open letter on the RIIO-2 framework and proposed licence changes in relation to the switching programme.
It also included the need to deliver the EDFT recommendations in its strategic narrative which was published in July.
Ofgem says it is looking to follow a “common approach” to modern data best practice, as well as investigating the best approach to delivering recommendations from the EDTF’s report which was published in June.
It adds that it will work with the Department for Business, Energy and Industrial Strategy (BEIS), Innovate UK and that it is being supported by the Office for National Statistics (ONS) to ensure consumers benefit from an energy market that “makes the most” out of modern digital and data opportunities.
Launched by former energy minister Claire Perry, the taskforce is run by Energy Systems Catapult and chaired by former MP and chief executive of Challenging Ideas, Laura Sandys.
Its purpose is to unlock the value of energy data to drive innovation and lower bills for consumers.
Speaking at the time of the launch of the taskforce, Sandys said: “Data will become increasingly central to managing the new decarbonised, decentralised and digitalised energy system.
“Opening up system data provides a real opportunity for UK innovators and incumbents alike to improve services for consumers as we have seen in other sectors. This means better data transparency and access, whilst ensuring appropriate security and data protection measures.
“Currently system data sits in silos, often hidden and incomplete. The taskforce will recommend the key steps that industry and regulation can take to ensure that data is effectively employed for the benefit of consumers and to improve UK productivity.
“We aim to shape a new set of openness principles, propose new data sharing methodologies, identify data gaps, propose appropriate governance and advise on how to manage the risks associated with data.”