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 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 […]

Regulators to probe competition among Big Six energy firms

Energy regulators are to investigate the Big Six energy companies to check whether competition is working and “once and for all clear the air”. Today Ofgem referred the energy market to the Competition and Markets Authority (CMA) over concerns about high profits and “tacit co-ordination” between suppliers. In a State of the Market report carried […]