UK electricity market likely to be hit by CMA probe
A shake-up of the UK power market is viewed as one likely outcome from a competition investigation into the country’s energy sector, but observers say the probe is being overshadowed by forthcoming regulatory reform
An investigation into the UK energy market being conducted by the Competition and Markets Authority (CMA) could have far-reaching implications for the wholesale electricity market, say consultants and academics.
The energy market was formally referred to the CMA by the UK Office of Gas and Electricity Markets (Ofgem) on June 26, following an initial proposal by the regulator in March. The referral is intended to address concerns about a lack of competition in the energy market – in particular
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