Competition probe for UK power

Ed Davey: 'The energy-security challenge is one more reason for going green'

Ed Davey, secretary of state for energy and climate change.

News that the UK power industry faces a competition probe has prompted warnings that investment in the sector could be hampered by fresh uncertainty.

UK energy regulator Ofgem asked the Competition and Markets Authority (CMA) to launch an inquiry to address widespread concern over consumer prices and links between utilities’ generation and consumer-facing operations.

The inquiry will look at the UK’s “big six” utilites – E.ON, RWE, EDF, Centrica, SSE and ScottishPower.

The UK is relying on the mainly foreign-owned companies to deliver big investments in new generation capacity and infrastructure – including big renewable energy projects.

In a move widely seen as pre-empting the inquiry, SSE yesterday announced a significant downscaling of its offshore wind ambitions as part of a raft of measures that included a consumer price freeze.

Today the CEO of Centrica – which has also gone cool on the UK offshore wind sector – warned that the uncertainty around the investigation could deter investment decisions.

But UK energy secretary Ed Davey claimed the investigation is “the right way to create long-term certainty for investment” and would put the industry on a stable and transparent footing.

UMaine to test 56-meter blade

02 September 2014 07:42 GMT

Brazil postpones A-5 tender

02 September 2014 01:58 GMT

Brazil approves QGER wind start-up

02 September 2014 05:21 GMT

Warnings on UK funding mechanism

02 September 2014 03:56 GMT

TenneT: Offshore lag continues

02 September 2014 03:16 GMT

Two extra years for Kriegers Flak

02 September 2014 03:07 GMT

Move on Brazilian local content

02 September 2014 10:59 GMT

Heritage fears sink wind project

02 September 2014 12:07 GMT

250MW of Polish wind sold

02 September 2014 11:41 GMT

JDR nets Dudgeon cable deal

02 September 2014 11:16 GMT

INTERVIEW: Hermann Albers, BWE

02 September 2014 09:05 GMT

Atlantic Array data made public

02 September 2014 09:46 GMT

IN DEPTH: Europe's wind capital

02 September 2014 09:15 GMT

Vestas gets 58MW Poland order

01 September 2014 05:44 GMT

IN DEPTH: UK offshore game-changer

02 September 2014 09:12 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scots grant licence for EOWDC

01 September 2014 03:00 GMT

IN DEPTH: Siemens' bid to stay top

01 September 2014 09:13 GMT

Aikengall extension opposed

01 September 2014 02:31 GMT

Drive to cut UK offshore costs

01 September 2014 01:21 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine