SSE PLC CMA Energy Market Investigation (3409S)
July 07 2015 - 2:06AM
UK Regulatory
TIDMSSE
RNS Number : 3409S
SSE PLC
07 July 2015
SSE plc
CMA ENERGY MARKET INVESTIGATION - PROVISIONAL FINDINGS AND
NOTICE OF POSSIBLE REMEDIES
SSE plc notes today's publication by the Competition and Markets
Authority (CMA) of its Provisional Findings and Notice of Possible
Remedies in its GB energy market investigation. The CMA is now
consulting on today's publications and SSE will submit
comprehensive responses in the coming weeks.
Since a market investigation was first proposed in March 2014,
SSE has argued that energy markets in Great Britain are generally
well-functioning and competitive; while recognising the benefits of
reforms that are in the interests of customers, and its responses
to today's publications will be consistent with this view.
Following a number of stages of extensive consultation with the
industry, Government and other stakeholders, the CMA is expected to
publish its Final Report by the end of this year.
Alistair Phillips-Davies, SSE's Chief Executive, said:
"SSE has consistently maintained that whilst customers already
benefit from healthy market competition, there is always room for
improvement. We will now examine today's publications in detail,
along with the analysis that underpins them. We will also continue
to work constructively with the CMA as this process continues to
help ensure that the opportunity presented by this investigation is
fully grasped, and that the final result is an enduring outcome
that gives customers confidence, allows regulators to regulate, and
encourages investors to invest in the Great Britain energy
market."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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