Energy: Competition

(asked on 10th September 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, what steps she is taking to increase competition in the energy supply market.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
This question was answered on 15th September 2015

There are now 25 independent suppliers in the domestic retail market providing more competition and choice for consumers.

The Government has made it quicker and easier for consumers to switch supplier. We are now working with Ofgem towards next day switching.

We have supported Ofgem’s reforms to make the retail market simpler, clearer and fairer and to increase liquidity in the wholesale electricity market.

In addition the Government has backed Ofgem’s referral of the energy market for investigation by the Competition and Market Authority.

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