The UK’s energy regulator Ofgem announced new reforms on energy taxes aimed at simplifying the billing process for consumers, part of efforts to monitor energy market competition.
Following its 2010 Retail Market Review, Ofgem is implementing policies it claims will help consumers find the best deal for their energy needs; critics, however, say that the reforms do not solve the complexities faced by customers looking to get a good deal.
According to Ofgem, even more reforms will be implemented by this April, and the authority vowed to take more action if it sees “evidence of further barriers to competition.”
Consumer watchdog group Which? applauded the reforms, though noted that they do not solve all competition issues in a market that has been the recent target of consumer and political criticism over high prices and low consumer choice.
Full Content: BBC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 31, 2024 by
CPI
AI and Antitrust Considerations in U.S. Health Care
May 31, 2024 by
CPI
Uncertainty in the Bottom Line: New Antitrust Scrutiny and Enforcement in Private Equity Transactions
May 31, 2024 by
CPI
Effecting M&A Diligence When Competitors Are Involved
May 31, 2024 by
CPI
AI, Pharmaceutical Sector, and EU Competition Law and Policy: What Does the Future Look Like?
May 31, 2024 by
CPI