Union says Big Six competition review “bad for jobs”

Workers union GMB has broadsided regulator Ofgem for its competition review claiming it will be “bad for jobs” and do nothing for consumers. The union has made its opinion of […]

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By Vicky Ellis

Workers union GMB has broadsided regulator Ofgem for its competition review claiming it will be “bad for jobs” and do nothing for consumers.

The union has made its opinion of the current energy market clear in the past, claiming the competition is an illusion and demanding re-nationalisation.

Yesterday it said the review would just create two years of uncertainty when the UK should be getting on with building power plants.

Gary Smith, GMB National Secretary for energy said: “This will be bad for jobs in the UK, bad for investment and it will do nothing for consumers apart from maybe delay the relentless rise in energy bills until after an election. We are simply storing up much more pain for down the road.”

He said the review will “kick the issue down the road” until after the next election.

The comments are an unlikely echo of Centrica boss Sam Laidlaw who said the review would create “investment uncertainty” and even lead to blackouts.