1. Pro’s and Con’s of Codes UNC Code Administrator Working Group 28 August 2008

2. Panel Response Pros –Flexibility –Transparency – website Cons –None

3. Flexibility Five Routes to Change 1.Review 2.Development 3.Consultation 4.Consent 5.UNC Related Document Change

4. Ofgem Principles A governance regime should: promote inclusive, accessible and effective consultation; be governed by rules and processes that are transparent and easily understood; be administered in an independent and objective fashion; provide rigorous and high quality analysis of the case for and against proposed changes; be cost effective; contain rules and processes that are sufficiently flexible to circumstances that they will always allow for efficient change management; and be delivered in a manner that results in a proportionate regulatory burden.