Critics argue energy price control proposed by CMA will restrict competition further and attribute increased profits in sector to regulatory interventions
Five former energy regulators have launched a withering attack on the Competition and Markets Authority (CMA) dismissing its recent report on the big six power suppliers as fundamentally flawed.
Prof Stephen Littlechild, ex-head of Offer, Clare Spottiswoode, former head of Ofgas, and others expressed “grave concerns” about the CMA’s conclusion that the energy companies have been overcharging and condemned its proposed remedy of barring price rises.
Related: Millions of Britons are overpaying for energy, says competition report