TITLE

Ofgem's high-risk strategy highlights its sins of omission

PUB. DATE
April 2011
SOURCE
Utility Week;4/1/2011, Vol. 34 Issue 12, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author discusses the action of the British Office of Gas and Electricity Markets (Ofgem) as it threatened the big six energy firms with a Competition Commission referral after determining that tariff complexity, poor supplier behaviour and lack of transparency are stifling competition. He says that the praise given by energy secretary Chris Huhne to Ofgem can be construed differently if examined closely. The author thinks that the regulator's move underscored its failure to address fundamental problems with the market.
ACCESSION #
59900345

 

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