As consumers and politicians alike pressure the UK’s energy market to explain rising prices, energy regulator Ofgem has reportedly admitted that it cannot say for sure what a competitive energy market would look like, despite officials calling for such a situation.
Reports say Ofgem head Andrew Wright remarked Tuesday that the regulator’s investigation into the market, which began five years ago, was started with the intention of finding out just what competition in the energy sector means; until then, however, it cannot be defined.
Ofgem has implemented various policy changes into the energy market since 2009 following a 2008 market inquiry; now, Parliament is calling for a market assessment of competition levels in the industry. Such a review will be carried out by Ofgem and the Office of Fair Trading, as well as the incoming regulator the Competition and Markets Authority.
Ofgem said it is now planning to hold annual reviews of the industry with the OFT and CMA.
Full content: Telegraph
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Partially Dismisses Investor Suit Against Google Over Ad Practices
Mar 25, 2025 by
CPI
UK Watchdog Scrutinizes Ticketmaster’s Dynamic Pricing Amid Oasis Ticket Controversy
Mar 25, 2025 by
CPI
Democratic Senators Urge White House to Seek Congressional Approval for TikTok Deadline Extension
Mar 25, 2025 by
CPI
Spain’s Antitrust Authority Probes Generali and Sanitas Over Competition Concerns
Mar 25, 2025 by
CPI
EU Lawmakers Warn Against Weakening AI Regulations
Mar 25, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mobile Ecosystems
Mar 24, 2025 by
CPI
Mobile Ecosystems: An Intellectual Entelechy but A Necessary Model
Mar 24, 2025 by
Alba Ribera Martinez
Creating Contestability and Fairness in Mobile Ecosystems: The Contribution of the DMA
Mar 24, 2025 by
Damien Geradin & Daniel Mandrescu
Digital Ecosystems and the Not (Yet) As Efficient Competitor Principle
Mar 24, 2025 by
Thomas Hoppner & Philipp Westerhoff
Assessing the Competition Law Scrutiny of Smart Wearables and Mobile AR/VR Devices
Mar 24, 2025 by
Kayvan Hazemi-Jebelli