Referral to Competition Commission Called For

21 May 2008

Allan Asher, CEO of Energywatch, claims that the energy regulator Ofgem is failing by not referring the UK energy markets to the Competition Commission.

Allan Asher, CEO of Energywatch, claims that the energy regulator Ofgem is failing by not referring the UK energy markets to the Competition Commission. During the opening session of the enquiry into energy prices, it stated it was a myth that there was any vigorous competition between the energy companies. Whilst there is no evidence of collusion, the gas market is seen to be dominated by British Gas while the power market has been concentrated down to 6 Vertically Integrated Players:- Scottish and Southern, Scottish Power, EdF, Eon, RWE and Centrica. He suggested that vertical integration should be reversed as any new entrants shy away as the incumbents can adjust their profit margins across their retail and generation arms. He also proposed that incumbents should be forced to sell a proportion of their power onto forward markets, and greater disclosure of long-term contracts was needed.


EU  Regulation  Corruption 

Related Articles
100 % Germans anti trading  

04 December 2007


Germans submit reasons why they think the EU has it wrong, and whilst it is not the UK way of doing things it might not be wrong.  read more...

100 % German Parliament flexes muscles  

19 November 2007


German power players at least know that they must be more subtle when it comes to price fixing.  read more...

100 % Energy Competition just round the corner  

05 January 2007


Competition commisioner starts to bark but those who know how to bite will be beginning to reach for the toothpaste readying themselves for a big meal.  read more...

100 % Nellie Kroes goes for jugular as the North Sea gets Rough  

17 February 2006


Commissioner shows teeth and the big players will be aware that they are in for a rough ride in the next couple of months. Overall this will put bearish pressure on prices.  read more...

67 % Nukes under pressure in France  

28 January 2005


French auditors question decomissioning costs  read more...


other articles on EU
Oil Disruption Fears create Volatile Markets  

20 January 2012


The European Union provided details this week of its proposed ban of Iranian oil imports as the Union steps up pressure over the country's nuclear programme.  read more...

European Credit Downgrades add to European Woes  

13 January 2012


Standard & Poors, the credit rating agency has downgraded 9 eurozone countries: France, Italy,Spain,Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta. This comes at the end of a week that has seen strengthening oil prices but surpressed UK gas and power markets.  read more...

November 2011 Review  

02 December 2011


While debt repayment concerns combined with woeful economic indicators continued to be a feature throughout November, supply and demand fundamentals were an obvious driver too. Unseasonably warm weather combined with (and causing) plentiful gas storage meant that UK power and gas markets went into a nose dive.  read more...

Turmoil returns on Greek Announcement  

01 November 2011


Following last weeks announcement that the eurozone leaders had reached an agreement on a Greek bailout - one that would see banks take a 50% hit on their holdings of Greek debt, the Greek Prime Minister made his own shocking announcement that he plans to hold a referendum on the matter. The Markets tumble in response.  read more...

Eurozone Debt Deal Announced  

27 October 2011


After prolonged discussions and late night talks, European leaders have announced a agreement on a a Eurozone debt deal. But will the devil be in the detail?  read more...


other articles on Regulation
Two Years On...  

17 September 2010


This week marked the 2nd Anniversary of the collapse of Lehman Brothers, perhaps the most significant collapse of the banking crisis. Ironic perhaps then that the anniversary coincided with the publication of stricter international banking rules requiring banks to hold larger cash reserves. How will these banking regulations impact energy companies?  read more...

Falling Wholesale Prices but what about the tariffs?  

18 September 2009


Even though the power wholesale market is following the falls seen in gas (Winter 09 Baseload closed the week down £0.20MWh at £38.70), and is now at levels where supplier tariffs must be under pressure, any tariff reduction announcements are unlikely to be made anytime soon.  read more...

Who will have the last laugh on the Green Agenda?  

24 July 2009


The Government’s announcement last week on the projected state of the UK energy industry is interesting and informative and demonstrates their willingness to impose a green agenda - but at what cost?  read more...

Ofgem enquiry completed  

18 March 2009


Ofgem have completed their competition probe and not really delivered for business.  read more...

Imera secures new inter connector  

07 December 2008


Imera an Irish consortium has secured a good growth opportunity for 2011.  read more...


other articles on Corruption
Does a bankers pension affect the UK power market?  

27 February 2009


As Fred Goodwin the departed RBS chief exec weathers the media storm over his pension pot, Powerisk asks if his decisions are affecting the power market.  read more...

EU unbundling bungled  

29 February 2008


EU still voting on how to unbundle the energy companies of Europe.  read more...

Ofgem fine NG  

26 February 2008


Ofgem fine National Grid over metering competitiveness  read more...

Ofgem investigates  

21 February 2008


Finally an competition enquiry into the energy market has begun.  read more...

Ofgem question ERA  

21 January 2008


Ofgem cover their backs by writing to the ERA, who not surprisngly respond with a "Who me?" attitude.  read more...


Energy News by Date
2012 2011 2010 2009 2008 2007 2006 2005 2004
december november october september august july jun may april march february january
RSS Feed
Keep up to date on energy trading news.
Click here to subscribe
RSS
Day Ahead Electricity Prices

1y  6m  3m  1m
Powerisk Online
Powerisk Online tools and services.
Click here to login
Glossary
Glossary
Powerisk glossary of power terminology.
Click here for glossary
Glossary