A PYMNTS Company

UK: Government reports optimistic findings for energy sector

 |  August 13, 2014

The UK’s Department of Energy and Climate Change has released a new report that shows some much-needed optimism for the nation’s energy industry.

The DECC says that more than two million customers have switched energy providers to an independent company since 2010. The switching follows energy watchdog Ofgem’s commitments made to address concerns raised by independent energy companies that outlined barriers to energy and growth.

Since those concerns were raised, officials appointed a civil servant to manage relations with the independent energy market.

The most recent reports suggests officials are effectively promoting competition.

The energy industry was referred by Ofgem to the Competition and Markets Authority for an in-depth probe as consumer disapproval rises regarding heightened energy costs and a lack of competition.

Full content: Daily Fusion

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