twitter youtube facebook Icon/lost-search/ic_lost-search_24 linkedin blog

Now let’s get competition working for UK energy customers

London, 12 MAY 2015: OVO Energy, the UK’s only Which?-recommended energy provider, has today published new evidence to the Competition and Markets Authority (CMA), ahead of major findings expected in the next few weeks from the Authority’s energy retail market investigation. 

The new evidence has found:

OVO has consistently called for reforms of the market to both drive competition and protect the most vulnerable customers. Speaking at the 1922 Committee’s Welcome Reception for incoming Conservative MPs (to be held in Parliament later today), OVO’s Head of Corporate Affairs, Jessica Lennard, is expected to say:

“With a price freeze off the table, some energy companies clearly think it's back to business as usual, profiting by overcharging and underserving loyal customers. What's needed now are strong signals from the new Government and the CMA that, far from letting the momentum slide, they're more committed than ever to fixing this market.”

CEO and founder, Stephen Fitzpatrick said: “We have always been clear the answer is more competition, backed up with effective regulation which protects customers from being ripped off. There's been a lot of uncertainty and delays, but we're now at a point where an ambitious CMA outcome and a new, pro-competition Government can deliver real change for customers.”

 

 

ENDS

 

 

For more information please contact: media@ovoenergy.com

Notes

About OVO