BN 06/14 06:37 *U.K.'S CMA WON'T SEEK BREAKUP OF BIG SIX ENERGY FIRMS: MAIL
U.K. Watchdog Won’t Propose Break Up of Big Six Energy Cos: Mail
2015-06-14 08:47:39.477 GMT
By Suzi Ring
(Bloomberg) -- Competition and Markets Authority won’t
propose a break up of the “big six” energy firms in a
provisional report to be published this month, the Mail on
Sunday reports, citing unidentified people.
* CMA will stick to original findings that smaller firms
aren’t disadvantaged by big firms
* CMA will call for action to limit pricing differences
between variable and fixed-price tariffs; agency found
variable tariffs much more expensive
* CMA expected to recommend more flexibility on “four
tariffs” program, which restricts companies to offering no
more than four tariffs for each type of fuel
* NOTE: The so-called Big Six utilities in the U.K. are
Centrica, SSE, local units of Electricite de France, RWE,
Iberdrola, E.ON
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Suzi Ring in London at +44-20-3525-7867 or
sring5@bloomberg.net
To contact the editors responsible for this story:
Anthony Aarons at +44-20-3525-2227 or
aaarons@bloomberg.net
Adveith Nair, Shaji Mathew
2015-06-14 08:47:39.477 GMT
By Suzi Ring
(Bloomberg) -- Competition and Markets Authority won’t
propose a break up of the “big six” energy firms in a
provisional report to be published this month, the Mail on
Sunday reports, citing unidentified people.
* CMA will stick to original findings that smaller firms
aren’t disadvantaged by big firms
* CMA will call for action to limit pricing differences
between variable and fixed-price tariffs; agency found
variable tariffs much more expensive
* CMA expected to recommend more flexibility on “four
tariffs” program, which restricts companies to offering no
more than four tariffs for each type of fuel
* NOTE: The so-called Big Six utilities in the U.K. are
Centrica, SSE, local units of Electricite de France, RWE,
Iberdrola, E.ON
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Suzi Ring in London at +44-20-3525-7867 or
sring5@bloomberg.net
To contact the editors responsible for this story:
Anthony Aarons at +44-20-3525-2227 or
aaarons@bloomberg.net
Adveith Nair, Shaji Mathew