The government is dismantling the Financial Services Authority and giving the Bank of England control of macro-prudential regulation and oversight of micro-prudential regulation.
This enabled the Internet to develop successful economic and business models based upon commercially negotiated arrangements rather than being micro managed by regulation.
Through an innovative regulatory process set up by the government and the regulator, the main barriers to the deployment of micro-power, such as grid access, are being addressed, and Britain is one of the first countries to have a clear, non-discriminatory access regulation for micro-generators that is supported by the regulator.