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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.”

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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