Competition and Markets Authority Proposes UK Energy Market Changes
March 10 2016 - 3:06AM
Dow Jones News
By Rory Gallivan
LONDON--The U.K.'s Competition and Markets Authority on Thursday
announced proposals to help energy consumers, including price
controls for customers on prepayment meters and creating a database
to help rival suppliers market to consumers.
"We have found that the six largest suppliers have learned to
take many of their existing domestic customers--some 70% of whom
are on "default" standard variable tariffs--for granted, not just
over prices, but with their service and quality," said Roger
Witcomb, who chaired the CMA's investigation into the matter.
"We're proposing a wide range of bold, innovative measures to
enable competition to grow further across the market so that
millions more households will benefit," he added.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
March 10, 2016 02:51 ET (07:51 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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