Shadow energy and climate change secretary Caroline Flint has reportedly sent a letter to the UK’s Competition and Market Authority asking the authority to include energy watchdog Ofgem in its inquiry into the energy industry ahead of the CMA’s decision on whether to open a formal market probe or not.
Reports say the Labour Party’s Flint has the backing of consumer watchdog Which? in her efforts to include Ofgem in the case. The energy regulator has been accused of lobbying to remain out of the case, but Ofgem denies these claims.
Flint argues that it is vital to the success of the market probe to include Ofgem in the process. The CMA, along with the former Office of Fair Trading, have already expressed concern over the state of competition in the energy industry, currently under fire by consumer groups for rising costs and alleged dominance by the so-called Big Six energy firms. The CMA is currently accepting comments on the case until Friday.
Full content: The Guardian
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI