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Corporate Social Responsibility

Regulatory framework puts the squeeze on

Investing in sustainability and the environment means that we cannot always choose the cheapest option. TenneT sometimes gives preference to options that require a higher initial investment but which deliver lower operating and management costs in the longer term. When purchasing new transformers, for instance, we always examine their efficiency and energy losses. However, TenneT is of the opinion that the present regulatory framework focuses too strongly on short-term efficiency and cost reduction, discouraging investment in sustainability and innovation. We are not alone in highlighting this discrepancy. In 2008, for example, the Scientific Council for Government Policy and the Lower House called for this framework to be made more flexible. The government also recognises this need: in the 2008 Energy Report the Minister of Economic Affairs states that she intends to look at potential improvements to the regulatory framework for grid operators in 2009.

 

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