UK: Competition rules changed to boost energy investment

The UK is reportedly planning to alter competition rules in efforts to encourage investment in the energy sector, according to the Secretary of State for Energy and Climate Change.

In question are the current unbundling regulations that bar a company from investing in both energy generation and transmission networks simultaneously, according to reports. Now those unbundling rules are to be scrapped in favor of boosting infrastructure investment.

Energy Secretary Ed Davey said that those unbundling regulations “were designed for good competition reasons, but over-rigid interpretation is stopping infrastructure investment that could not possibly result in any discriminatory behavior.”

Full content: Reuters

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