Further to Torse’s recent efforts to elicit from Chris Huhne (UK Energy Secretary) the government’s strategy to wrest control of UK Energy supply from oligopolistic suppliers; out rolled the stock response of a current review and paraphrased abstract from Ofgem’s remit relating to protecting consumers and ensuring proper competition and wholesale power liquidity.
Chris Huhne, UK Energy Secretary, has recently taken some time for a Q&A session in today’s Financial Times. When we at Torse found out about this arrangement, we jumped at the chance to ask the Coalition Governments energy expert a question or two, here’s how it went:
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We frequently see suppliers hauled over the coals in the media, albeit usually the domestic market. However, what’s causing much consternation is the fact that despite some legislative changes at the smaller end of the SME ‘Micro Business’ market, the business energy market seems in thrall still to the new energy oligopoly. (see www.torse.co.uk/pirates-energy-companies/ ). It shouldn’t be too much of a surprise, an industry with fundamental barriers to entry, big players, weak governance and little legislation has enabled the Energy companies to take a fairly cynical stance towards their markets.
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