How CMA rules are set to change the business energy market

After the CMA’s investigation last year, the energy market is set to come under further scrutiny over the next eighteen months. Price comparison websites (PCWs) and energy brokers will be in the firing line as the CMA stated that they intend to: “Undertake analysis on price comparison websites, with the aim of understanding whether problems […]

£45 million failure for Ofgem energy rules

Another failure for Ofgem as their electricity market reforms fell flat costing energy companies around £45 million. Ofgem implemented new rules to ensure that the largest energy companies are only allowed to trade at pre-determined times during the day. The idea was that it would increase trading and competition allowing smaller players to flourish yet […]

Ofgem-run energy price comparison service?

The Competition and Markets Authority (CMA) published the preliminary findings in their report in July, with regard to the energy market and its issues. Along with a proposal to set up a Safeguard Regulated Tariff which would protect all ‘disengaged’ customers from high standard variable tariffs, the CMA also suggested an Ofgem managed comparison service which […]

CMA energy investigation delayed until June 2016

The Competition and Markets Authority (CMA) have announced that they have extended the deadline for their energy investigation by six months although it aims to publish its provisional decision on remedies in January 2016 with a view to reaching its final decision by the end of April 2016. After the publication of the initial findings […]

Centrica argue against CMA energy market proposals

Energy giant and owner of British Gas, Centrica have blasted the Competition and Markets Authority (CMA) for its recommendations towards the energy market. Centrica claim the proposals are based on “unsound” analysis. Centrica claimed that the proposed safeguard regulated tariff for sticky customers is “disproportionate” to the actual level of disengagement and questions the pool […]

The CMA energy remedy debate

After the Competition and Markets Authority (CMA) report on the energy market and its issues was published in July, the investigation has entered a period of consultation upon its proposed remedies. Energy suppliers have been falling over themselves to comment on the remedies after the initial findings shed them in a fairly positive light. The […]

CMA to publish investigation in full

The Competition and Markets Authority (CMA) has overturned its decision to hold back the results of its investigation into Ofgem’s network price controls in a bid to keep the public informed of all factors affecting energy prices. The CMA quickly backtracked after a warning from former Energy and Climate Change Committee chair Tim Yeo with […]

Big Six have been overcharging for years say CMA

The Big Six are in the firing line today as the Competition and Markets Authority released their initial results of a year-long examination of the UK energy market. It transpires that UK households have collectively overpaid by £1.2bn a year for their energy due to average domestic prices being offered by the ‘big six’ energy […]

CMA to deliver verdict on energy market investigation

The Competition and Markets Authority will announce the provisional findings of its energy market investigation today. The full and final report however is not expected until the end of the year. Initial findings show that despite popular opinion, the big 6 will not be dismantled. It was claimed that the larger firms were in collusion to […]

Big Six breathe a sigh of relief over CMA findings

The Competition and Markets Authority (CMA) were tasked with looking into the structure of the Big Six energy suppliers amid fears they had a monopoly over the energy market. Calls were being made to potentially separate retail and business arms in each of the companies as it was felt they may have been taking advantage […]