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    Biggest ever energy sector investigation.

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    papa_umau
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    Biggest ever energy sector investigation.

    Post by papa_umau on Mon 23 Jun 2014, 12:38 pm

    Ofgem to unveil biggest ever energy sector investigation

    'Big six' power firms could see businesses broken up at end of 18-month inquiry into claims of collusion and profiteering.

    The biggest ever investigation into the UK energy market will be unveiled next week by the industry watchdog, Ofgem, amid public anger over high bills and bad service from gas and electricity providers.

    An 18-month inquiry into claims of collusion and profiteering will be undertaken by the Competition and Markets Authority (CMA) and could end in the big six firms having their businesses broken up and reduced in scale.

    Energy has risen up the public and political agenda over the past eight months since Ed Miliband promised that an incoming Labour government would freeze prices, scrap the regulator and force large companies to sell off assets.

    Ofgem is preparing to start the investigation but will not formally announce it until the end of next week.

    Read more on this from The Guardian HERE




    I for one hope that this is not just another bit of Tory propaganda as we really need to see some action here.

    I will be watching !


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    zathrus
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    Re: Biggest ever energy sector investigation.

    Post by zathrus on Fri 27 Jun 2014, 11:54 am

    "Broken up" is fine, but will they be forced to give the public any better or cheaper service ?

    I would be happy if the watchdogs did the job they were created to do instead of just letting them do what they like.

    To much to ask ? Maybe !
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    papa_umau
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    Re: Biggest ever energy sector investigation.

    Post by papa_umau on Sat 28 Jun 2014, 12:21 pm

    TOTALLY Zathrus !

    Such watchdogs are only effective if they firstly have the powers that they need, and secondly, if they are supported by the government of the day.

    The Tories are only willing to support their friends in the private sector and that is one of the main reasons they are so ineffective as a government "by the people and for the people".


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    Angie baby
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    Re: Biggest ever energy sector investigation.

    Post by Angie baby on Sun 29 Jun 2014, 12:43 pm

    I am prepared to give this watchdog a chance to do what they can over energy costs as nobody else is doing anything.
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    papa_umau
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    Re: Biggest ever energy sector investigation.

    Post by papa_umau on Mon 30 Jun 2014, 10:56 am

    Yes my dear, that is fair enough, but I still think we should keep a close watch on what they do in our names.


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    Re: Biggest ever energy sector investigation.

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