A PYMNTS Company

UK: PM Cameron depending on boosted competition to solve energy woes

By  |  October 23, 2013

The UK’s Prime Minister David Cameron announced Wednesday that regulators will be launching a large-scale inquiry into the energy market and its level of competition following public outcry of rising energy bills.

Reports say the inquiry will look at prices, barriers to entry and profits within the market as households are strapped for cash and face high energy costs.

Cameron spoke in Parliament Wednesday to decry those costs and announce a “proper competition test” conducted within the industry over the next year.

”I want more companies, I want better regulation, I want better deals for consumers,” he said.

Full content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.