Ofgem sets out its plans to improve liquidity in the wholesale electricity market
On 12 June 2013, Ofgem published the final proposals for its plans to create effective competition within the electricity wholesale market, with the aim of levelling the playing field between the ‘Big Six’ energy companies and smaller independent suppliers who struggle to compete in the heavily monopolised industry.
The proposals involve the introduction of a ‘Secure and Promote’ licence condition into the generation licences of the generation arms of the big six suppliers (British Gas (Centrica), EDF Energy, E.ON UK, RWE npower, Scottish Power, and SSE) and the two largest independent power generators (Drax Power Limited and GDF Suez Energy UK)…
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