Minutes of UKEB Private Meeting 17 October 2024

Meeting Date/Time: 17 October 2024 at 13:30 hrs Meeting Location: 125 London Wall, London EC2Y 5AS

PRESENT:

1. UKEB / Official Observer Session – Department for Business and Trade

1. The Board, Mr Death and Mr Ashby discussed DBT's Official Observer engagement with the UKEB and areas of common interest.
2. The Board thanked Mr Death and Mr Ashby for their time.

2. Administrative Matters

Welcome and apologies for absence

1. The Board noted apologies from Giles Mullins.

Declaration of interests

1. There were no declarations of interest.

Minutes of the last meeting

1. The Board approved the minutes of the meeting held on 19 September 2024 for publication, subject to minor amendments.

Action Log

1. The Board noted the Action Log.

UKEB Forward Agenda

1. The Board noted the Forward Agenda.

Transparency Register

1. The Board approved the Transparency Register for publication.

Gifts and Hospitality Register

1. The Board approved the Gifts and Hospitality Register for publication.

3. Regulatory Strategy and Budget

1. The Board considered a draft of the UKEB's next three-year Regulatory Strategy and 2025/26 Budget.

4. Cost of Capital Analysis

1. The Board considered the results of a cost of capital analysis previously discussed at the July 2024 Board meeting.
2. The Board agreed to publish the cost of capital analysis paper on its website.

5. Technical Director's Updates

1. The Board noted various updates from the Technical Director.

UKEB's Work Plan

1. The Board approved the UKEB's Work Plan for publication on the website.

6. Operational Update

1. The Board noted the update on UKEB Operational matters.

7. Update from Members

1. There was no update from Members.

8. Any other business

1. There was no other business.

The meeting ended at 17.02 hrs.