Defective regulations are pushing up energy prices as competition suffers

Energy prices keep rising. Prime Ministers and energy ministers, past and present, all propose their own solutions, although there is little agreement on the cause of the problem. The latest proposal is an annual competition audit by energy regulator Ofgem, with input invited from the Office of Fair Trading. It will look at prices, profits and barriers to entry. But it should also look at regulation, as recent regulatory changes have had a damaging impact on the market.

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Source: http://www.iea.org.uk/blog/defective-regulations-are-pushing-energy-prices-as-competition-suffers

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