Unexplained Mysteries Of The Energy Market Investigation

By Mark Friend –

In its final report on the Energy Market Investigation, the UK Competition and Markets Authority (“CMA”) announced its intention to impose a temporary cap on the prices charged to energy customers on pre-payment meters. A central plank of the CMA’s argument is its claim that the Big 6 energy firms have been over-charging customers, resulting in detriment of £1.4 billion (£388 million of which relates to pre-payment customers). However, as this article explains, this detriment figure of £1.4 billion appeared for the first time in the final report, without any prior…

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