UK energy market to be investigated by competition regulator
As Walker Morris reported recently, the Office of Gas and Electricity Markets (Ofgem) and the Office of Fair Trading (OFT) and its successor body, the Competition and Markets Authority (CMA), have been working together to assess whether the market for supply of gas and electricity to households and small firms in the UK is sufficiently competitive. They have now published their findings.
The results confirmed Ofgem’s previous analysis that competition in these markets is not working as well as it should. The findings relate to:
- Vertical integration and barriers to entry and expansion — as the six largest suppliers all own energy generation infrastructure such as power stations, as well as downstream supply businesses, it is difficult for new entrants that are not vertically integrated to compete against them. Ofgem believes that despite the wholesale market liquidity reforms, which take effect from next month, there are wider issues with vertical integration, which merit a closer review…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Justin Coley shares his observations arising from the amended forms N120 (Particulars of Claim for mortgaged residential premises) and N123 (Mortgage pre-action protocol checklist).
In Cowling v Worcester Community Housing Ltd, errors by the court have left a tenant in difficulties in a recent residential service charge challenge.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.