UK competition watchdog publishes responses to energy inquiry

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The UK’s Competition & Markets Authority has published a load of initial submissions on the watchdog’s investigation into the British energy market.

It is interesting that the British wholesale gas market, the NBP, has been kept out of scope of the investigation. A UK politician recently called for  the NBP to be investigated too. But the competition authority thinks the NBP is liquid enough to stave off the inquiry.

Some of the responses published do think the gas market warrants a full or at least partial investigation too. As some point out, the NBP plays an influential role in UK wholesale power prices. So it is likely the wholesale gas market will have to be looked at in some form, even if through the prism of the power market. We will have to wait and see.

Hearings are slated to take place in October.

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