A PYMNTS Company

UK: Energy, water sector overhauls earn guarded support

By  |  April 24, 2013
UK: Energy, water sector overhauls earn guarded support

A proposed policy reform to overhaul the energy and water sectors within the UK is earning guarded support from members of the industries since its introduction from John Penrose MP in a policy paper, which argues the policy change is pro-competitive and benefits consumers. According to the proposal, the soon-to-be established Competition and Markets Authority will hold responsibility for regulating the markets; as such, Ofwat and Ofgem, the current regulators of the markets, will hold jurisdiction over “unreformable” monopolies. The policy suggestion is not novel, yet timing may push support ahead of elections. The Competition and Markets Authority is the future antitrust regulator that will combine the Office of Fair Trading and the Competition Commission.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.