Ofgem refers UK energy market for full competition investigation
As the previous (July) edition of Petroleum Review went to press, Ofgem referred the UK energy market to the Competition and Markets Authority (CMA) for a full investigation. The CMA is expected to publish its final decisions by the end of 2015. The investigation aims to ensure competition in 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 will complement Ofgem’s recent reforms to make the market simpler, clearer and fairer for consumers.
