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ENERGY MARKET INVESTIGATION Statement of issues
| Content Provider | Semantic Scholar |
|---|---|
| Abstract | Introduction 1. On 27 June 2014 Ofgem, in exercise of its powers under sections 131 and 133 of the Enterprise Act 2002 (the Act)), made a reference to the Chair of the Competition and Markets Authority (CMA) for an investigation into the supply and acquisition of energy in Great Britain. 2. The CMA, acting through a group of independent members selected from its panel, is required to determine whether any feature or combination of features of each relevant market prevents, restricts or distorts competition in connection with the supply or acquisition of any goods or services in the UK or a part of the UK. 1 If the CMA decides that there is such a prevention, restriction or distortion of competition, it will have found an 'adverse effect on competition' (AEC). 2 3. This issues statement is based on the evidence we have reviewed to date 3 with respect to the supply and acquisition of electricity and gas in Great Britain and sets out our initial theories of what might be adversely affecting competition and what might be the adverse outcomes. This will provide a framework for our investigation. In drawing up these points we have been mindful of the complexity and size of the markets involved and the time we have available to carry out our investigation. The points in this document should be seen only as topics for investigation rather than views, let alone findings or conclusions. 4. We are publishing this statement now to assist those submitting evidence to focus on the issues we envisage being relevant to this investigation. We invite parties to tell us, with reasons, if they believe either that (a) the issues we have identified should not be within the scope of our investigation or are mischaracterised, or (b) there are further issues not identified or issues which 1 See section 134(1) of the Act. 2 As defined in section 134(2) of the Act. 3 The principal evidence we have drawn on is: Decision to make a market investigation reference in respect of the supply and acquisition of energy in Great Britain Liquidity Proposals for the Great Britain wholesale electricity market; and academic research. 2 we have indicated we are not minded to pursue which we should consider. We ask parties to support their views with relevant evidence (including original documentation and analysis). 5. We plan to hold hearings with a number of … |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://assets.publishing.service.gov.uk/media/53d0a169e5274a642e000003/Energy_Issues_Statement.pdf |
| Alternate Webpage(s) | https://assets.digital.cabinet-office.gov.uk/media/53cfc72640f0b60b9f000003/Energy_Issues_Statement.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
