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Only a proper inquiry will deliver a competitive UK energy market
Originally published in the Financial Times on 24 October 2013.
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The energy market needs a Competition Commission investigation
If our politicians genuinely want to make the UK energy market perform more effectively, and to serve UK consumers, they should support a reference of the market by Ofgem, the energy regulator, to the Competition Commission (CC). This is the proven and established approach for addressing competition problems, and it is regrettable that Ofgem has […]
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Why freezing energy prices is a bad idea
Ed Milliband’s proposal (if elected) to freeze prices from 2015 and re-structure the market has a number of serious problems. First, it is very unlikely to work in practice. It is very difficult to regulate retail prices to consumers when the wholesale price is so variable. California tried it a decade ago with disastrous results. […]
