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UK: British Gas gets defensive over monopoly claims

By  |  February 10, 2014

Following energy secretary Ed Davey’s suggestion that British Gas may need to be broken up to prevent a monopoly, reports say the utility is now on the defensive, arguing that its parent company “does more than any other organization to secure gas and power for British consumers.”

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    Davey’s call for a possible break-up of the firm suggest some changes in government outlook for the energy industry as authorities turned away from calls for a full Competition Commission inquiry into the market.

    Energy watchdog Ofgem is conducting its own review of the industry, with plans to release a report at the end of March.

    As consumers demand more competitively-priced energy, British Gas has been under fire for high profits, which it was forced to defend following Davey’s remarks.

    Full Content: The Telegraph

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