Hurrah for the regulator's 'full investigation' of the gas and electricity firms. But can we have answers more quickly please?
The Competition and Markets Authority is promising a "full investigation" into Britain's gas and electricity sector amid rising bills, soaring corporate profits and a collapse in consumer trust in the big six energy companies. But given how Ofgem, the energy regulator, has until now been a chocolate fireguard against raging price rises, will the CMA's inquiry turn out any better for consumers? Here are some of the questions it should be asking and, please, can we have the answers rather more quickly than the leisurely two-year timescale set for the inquiry... Reported by guardian.co.uk 1 day ago.
The Competition and Markets Authority is promising a "full investigation" into Britain's gas and electricity sector amid rising bills, soaring corporate profits and a collapse in consumer trust in the big six energy companies. But given how Ofgem, the energy regulator, has until now been a chocolate fireguard against raging price rises, will the CMA's inquiry turn out any better for consumers? Here are some of the questions it should be asking and, please, can we have the answers rather more quickly than the leisurely two-year timescale set for the inquiry... Reported by guardian.co.uk 1 day ago.