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Ofgem refers energy market full competition investigation

The investigation is an important opportunity to clear the air and should ensure competition in We fully expect the CMA to consider the action we’ve taken to intensify competition and protect consumers. The main areas we expect they will include in the investigation include:

the relationship between the supply businesses and generation arms of the six largest suppliers barriers to entry and expansion for suppliers
the profitability of the six largest suppliers
whether there is sufficient competition between the large energy suppliers
the trend of suppliers consistently setting higher prices for consumers who have not switched
low consumer engagement that contributes to weak competitive pressure in the market the energy market effectively bears down on costs and drives improvements in customer service and innovation.

This will help rebuild consumer trust and confidence in the market. It will also help to provide the certainty that is needed for investment in the energy sector and complement our recent reforms to make the market simpler, clearer and fairer for consumers.

Policy milestone details

Start date: 2014-6-26

Countries: UK -

Milestone source: https://www.ofgem.gov.uk/news/ofgem-refers-energy-market-full-competition-investigation

Milestone type: Policy review

Sector: Energy demand and use - Heat and power generation -

Organisation: Ofgem|Competition and Markets Association

Subjects: Policy and Governance, Energy policy