Energy industry insiders have suggested to media that the UK’s energy regulator Ofgem could spark a strife with the Competition Commission with its support for independent power companies. According to reports, Ofgem will be releasing a decision within a few weeks that would impose a market maker obligation that would require vertically integrated companies to set aside a proportion of their energy for trading; bidding prices for that energy would be pre-determined. Ofgem is looking to establish the policy as a way for independent companies to have access to forward power contracts. But experts believe the requirement will likely cause friction with the Competition Commission as well as businesses who are concerned the market maker rule would lead to a financially burdensome implementation.
Full Content: Utility Week
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI