UK electricity market likely to be hit by CMA probe

Power market shake-up on the cards, say industry observers

UK power market reform

An investigation into the UK energy market being conducted by the Competition and Markets Authority (CMA) could have far-reaching implications for the wholesale electricity market, say consultants and academics. The energy market was formally referred to the CMA by the UK Office of Gas and Electricity Markets (Ofgem) on June 26, following an initial proposal by the regulator in March. The referral is intended to address concerns about a lack of competition in the energy market – in part