A PYMNTS Company

UK: PM Cameron denies talks of Big Six energy price freeze

By  |  December 1, 2013
UK: PM Cameron denies talks of Big Six energy price freeze

As the UK focuses on energy competition amid outcry of soaring electricity and heating costs, Prime Minister David Cameron has reportedly denied reports that regulators are urging the industry’s Big Six players to initiate a price freeze until mid-2015.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Political officials are set to offer their Autumn Statement this week to announce developments in the energy sector as families complain of high costs. Big Six energy firms, which include British Gas, Npower and Scottish Power, are reportedly planning price hikes of up to 10 percent for the winter.

    The state of competition in the energy market has caught the government’s attention as market watchdog Ofgem along with UK competition authorities are planning a market inquiry.

    The matter has given rise to fierce political debate as officials argue on how to boost competition in the market and whether authorities are doing enough to ensure reasonable prices.

    Full Content: Daily Mail

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.