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
Trump Fires Two Democratic FTC Members, Raising Questions Over Regulatory Independence
Mar 19, 2025 by
CPI
Spain’s BBVA Remains Optimistic About Hostile Takeover of Sabadell
Mar 18, 2025 by
CPI
BlackRock, Vanguard and State Street Seek Dismissal of Texas Antitrust Lawsuit
Mar 18, 2025 by
CPI
EU to Boost Metal Sectors with Energy Relief and Safeguards
Mar 18, 2025 by
CPI
Players’ Association Sues Tennis Governing Bodies Over Alleged Antitrust Violations
Mar 18, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Self-Preferencing
Feb 26, 2025 by
CPI
Platform Self-Preferencing: Focusing the Policy Debate
Feb 26, 2025 by
Michael Katz
Weaponized Opacity: Self-Preferencing in Digital Audience Measurement
Feb 26, 2025 by
Thomas Hoppner & Philipp Westerhoff
Self-Preferencing: An Economic Literature-Based Assessment Advocating a Case-By-Case Approach and Compliance Requirements
Feb 26, 2025 by
Patrice Bougette & Frederic Marty
Self-Preferencing in Adjacent Markets
Feb 26, 2025 by
Muxin Li