Customers could miss out on benefits of new technologies if regulation doesn’t keep pace with a transforming energy system, Energy Networks Australia CEO John Bradley said today.

A new Network Innovation Discussion Paper will be released today at the Energy Networks Australia seminar, Evolving Faster: Regulating Transformed Energy Markets.

The paper seeks feedback on options for an Australian Network Innovation Scheme similar to that used in the United Kingdom to promote breakthrough technologies and systems, while maintaining security, reliability and affordability.

“The United Kingdom has been highly successful reforming regulations to encourage network innovation at a time of rapid change,” Mr Bradley said.