A PYMNTS Company

UK: Comparison sites questioned in price fixing probe

 |  June 4, 2015

MoneySupermarket.com and uSwitch.com have been asked to submit information to energy regulator Ofgem as part of an investigation into possible price fixing.

MoneySupermarket and uSwitch’s new parent company Zoopla have, as a result, seen their share prices drop since yesterday by around 10% and 5% respectively.

“Ofgem has opened an investigation into whether two or more companies providing a supporting service for the energy industry have breached competition law,” revealed MoneySupermarket in an announcement on its website.

Full content: Western Morning News

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