19 April 2024
UK increases power of regulator Ofgem to boost energy competition
Publication date: 20 September 2011
Gas Strategies Group
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UK Energy Secretary Chris Huhne has proposed key measures to increase competition in the energy sector by increasing the power of energy regulator Ofgem and giving energy consumers more protection. Energy companies will no longer be able to block action by energy regulator Ofgem by forcing it to seek a second opinion from the Competition Commission, a process that can take a year.