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UK: Energy chief hits at competition watchdog

 |  January 5, 2016
The boss of one of Britain’s biggest energy companies has hit out at the UK’s competition watchdog over its claim that big suppliers like his are overcharging customers, accusing it of getting its calculations wrong.

The Competition and Markets Authority surprised many in the energy industry when it ruled in the summer that the “big six” suppliers had overcharged customers by about £1.7bn per year between 2010 and 2014.

But Alistair Phillips-Davies, chief executive of Scottish and Southern Energy, said the CMA had failed to prove its case, accusing it of substandard work.

In an interview with the Financial Times, Mr Phillips-Davies said: “[The CMA] have completely failed to substantiate the evidence they have got and I think they have overestimated what they have done. Their work is not of the highest quality, it is fair to say.”

Full content: The Financial Times

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