A Simple Way to Boost Competition in the Energy Market* The latest round of increases in energy prices has sparked an angry debate about how well competition is working in the UK market. Energy companies claim increases reflect rising wholesale prices and government levies, while politicians are making allegations of collusion. A long term view of how to make the energy market more competitive for consumers has been drowned out by political point scoring. Yet there may be a simple way of jump starting greater competitive pressures against the relentless price rises. Energy prices have become politicised as a focus point for broader concerns about the cost of living in the UK. Both the government and the opposition have responded to public anger with promises of short term transitory
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The UK OFGEM introduces new rules aiming at increasing competition on the retail market and making energy pricing simpler, clearer and fairer
Article published on Centre for Competition Policy blog.
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