Centrica boss digs at regulator

The chief of British Gas-owner Centrica has made a subtle dig at the regulator for changes to the energy market. At the Economist’s UK Energy Summit yesterday, CEO Sam Laidlaw […]

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By Vicky Ellis

The chief of British Gas-owner Centrica has made a subtle dig at the regulator for changes to the energy market.

At the Economist’s UK Energy Summit yesterday, CEO Sam Laidlaw criticised regulators without explicitly naming the UK energy watchdog.

He said: “Consumers are being given the misleading impression that – if only the market was more competitive – domestic energy bills would somehow fall. We welcome new market entrants. But they are subject to exactly the same cost pressures. They will also have to shoulder environmental and social obligations.”

Ofgem’s CEO Alistair Buchanan said earlier this week that he thought breaking up the Big Six providers would allow room for more competition and help consumers get a better deal.