Tuesday, June 21, 2016
The government highlighted plans for a “more competitive” energy market in the Queen’s Speech and devolved some energy powers to local government.
The Better Markets Bill aims to “open up markets, boost competition, give consumers more power and choice, and make economic regulators work better”.
It will promote faster switching and give economic regulators including Ofgem more power to take action on anti-competitive behaviour. It also promises to remove unnecessary red tape to help businesses.
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