Haven Power

CMA to deliver verdict in early July

CMA to deliver verdict in early July


 

The Competition and Markets Authority will announce the provisional findings of its energy market investigation on 7 July. The initial schedule for the investigation had said that these findings would be announced by the end of this month, but the timetable was updated on Thursday 25 June. The authority remains scheduled to deliver its final report by the end of the year. The Guardian reported that the CMA was unlikely to find that vertical integration was a problem, and that it would instead focus on ways to increase the engagement of “sticky” customers. It is expected that this will include a recommendation that Ofgem remove its cap on tariffs, introduced through the Retail Market Review process.