RETA (Regulatory Energy Transition Accelerator) works directly with energy regulators in order to facilitate knowledge sharing, peer to peer learning and thought leadership on regulatory issues. It acts as well as a central resource for regulators to seek knowledge products and regulatory tools that can help mitigate challenges regulators face when trying to regulate for the sustainable, affordable and secure energy systems of the future.
The Accelerator was launched at COP26 by Ofgem, IEA, IRENA, RMI and the World Bank along with more than 30 regulators from around the world as part of the Green Grids Initiative.
The initiative’s goals have been confirmed as accelerating:
- flexible, renewable-based systems;
- regulatory frameworks to deliver the energy transition;
- network planning for wide scale electrification;
- regional interconnection
- a fair and inclusive energy transition.
These objectives are to be delivered through dissemination workshops, bilateral and multilateral exchanges, bespoke technical assistance and knowledge products.