A PYMNTS Company

UK: Regulatory support for indie power cos could spark strife with Commission

By  |  June 4, 2013

Energy industry insiders have suggested to media that the UK’s energy regulator Ofgem could spark a strife with the Competition Commission with its support for independent power companies. According to reports, Ofgem will be releasing a decision within a few weeks that would impose a market maker obligation that would require vertically integrated companies to set aside a proportion of their energy for trading; bidding prices for that energy would be pre-determined. Ofgem is looking to establish the policy as a way for independent companies to have access to forward power contracts. But experts believe the requirement will likely cause friction with the Competition Commission as well as businesses who are concerned the market maker rule would lead to a financially burdensome implementation.

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.