Issued: 13 June 2023
The independentTailored Review of HSE (.pdf), which was published in November 2018, recommended that HSE should explore opportunities for expansion of the use of cost recovery in certain sectors, building on the lessons learned from FFI to ensure clear objectives. |
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Cost recovery proposals HSE has reviewed the scope of its regulatory activity and identified where current cost recovery mechanisms do not recover the full cost of the regulatory activity. Our main proposal is that HSE recovers the full cost of all its regulatory activities in the following three sectors: - Oil, Gas and Chemicals Pipeline Systems
- Onshore Oil, Gas and Geothermal Exploration and Production
- Wind and Marine Energy (Renewables)
The consultation sets out the activities for which HSE proposes to introduce new cost recovery regimes, some simplifications to existing regimes and changes to cost recovery rates to ensure full cost recovery.
This proposal focuses on high hazard activities and emerging technologies with strategic national importance. The implementation of these cost recovery proposals will not change HSEs regulatory approach to these sectors, which are evidence-based, but will provide a sustainable financial model to ensure effective regulation now and in the future.
You're invited to take part in a survey and ensure your views are heard: Consultation on proposed changes to Cost Recovery Deadline: 4 September 2023 |
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