UK MPs to examine CMA’s energy proposals

The Energy and Climate Change Committee (ECC) is to examine the competition watchdog’s proposals to reform the energy market. The Competition and Markets Authority (CMA) published its final report today following a two-year investigation. It identified “significant problems” in the market, stating competition is “nowhere near enough”. The UK MPs will hear from various stakeholders […]

Energy investigation: Competition ‘nowhere near enough’

The competition watchdog has identified “significant problems” in the energy market, which it believes will require “significant intervention”. It states competition is “nowhere near enough” and more needs to be done by the industry. The Competition and Markets Authority (CMA) adds the problems fall into three main areas: the demand side of retail energy markets, […]

CMA takes over investigation of energy price comparison sites

The Competition and Markets Authority (CMA) is investigating a suspected breach of law by energy price comparison websites. The competition watchdog will look into whether comparison websites agreed not to compete with each other when consumers searched for the best deals online. It stated: “The CMA is investigating a suspected breach of competition law by […]

Reactions to CMA energy market proposals

There have been mixed reactions to the proposals set out by the competition watchdog today. Consumer collective group TheBigDeal believes they are “naïve and will take customers out of the pan and into the fire” while Energy Secretary Amber Rudd says it is a “wakeup call” to the Big Six. The provisional findings from the […]

UK energy investigation pushed back

A crucial investigation into the UK energy market has been extended. The Competition and Markets Authority (CMA) was due to release its provisional decision in December 2015 but it now intends to publish it in January 2016, with a view to reaching its final decision by the end of April. The extension is to give […]