The Human Fertility and Embryology Authority (HFEA) believes that the current level of remuneration – £250 per donation for "reasonable expenses" and loss of earnings – could be deterring donors.
Meanwhile, demand from infertile couples for donated eggs and sperm is steadily rising. Up to a seventh of British couples have problems conceiving.
Prof Lisa Jardine, the chairman of the HFEA, said: "We know that many people are facing long waiting lists at clinics because of a shortage of donors. We want to ensure that we have the best policies in place so that there are no unnecessary barriers in the way of those wishing to donate while protecting those who are born as a result of donation."
The HFEA is starting the public consultation process, which is being carried out online, today.