Energy probe should also look at gas market

adminBusiness Electricity, Business Gas, Utilities Market Regulation, Wholesale Utilities Markets

Tim Yeo, the chairman of the energy select committee says the upcoming investigation should be extended to cover the gas sector as well. The Competition & Markets Authority is currently investigating into possible tacit co-ordination between the big six energy suppliers in relation to their price changes. The last 3 years have seen all of the major suppliers raise prices … Read More

Big Six to face competition enquiry

adminBusiness Electricity, Business Gas, Utilities Market Regulation

The industry regulator Ofgem has called for an inquiry into “possible tacit co-ordination” of price rises by the Big Six. The Competition & Markets Authority (CMA) is being called on by Ofgem to perform the investigation over the next 18 months amid fears that the energy market is not competitive, with price variations between suppliers at a minimum. Suppliers have … Read More

British Gas and Npower announce price rises

adminBusiness Electricity, Business Gas, International, Utilities Market Regulation, Wholesale Utilities Markets

Three of the Big Six have now announced winter price increases of between 8 and 11 per cent. Npower and British Gas have joined SSE and Co-op on the list of energy companies that have already announced price hikes this winter. Both suppliers blamed the hikes on higher prices on the global energy markets, higher costs of transmission, and increases … Read More