17 October 2014
The Competition and Markets Authority (CMA) decided to commence an investigation into the energy market, which is now underway.
Both group members and staff from the energy investigation team have now taken part in nine site visits across Great Britain, visiting major generators, suppliers and other participants in the industry to find out first-hand about how they carry out their business.
The team has also appointed GfK NOP Ltd to conduct a survey of domestic energy customers, which is now underway, to get their perspective on the market.
A number of case studies are also being carried out, looking at the barriers to entry that new and expanding suppliers might face.
After a round of initial meetings with interested parties, the investigation team has now begun holding formal hearings with a range of industry participants and interested parties including regulators, consumer groups, generators and suppliers.
Summaries of these hearings will be published after they are completed sometime in January 2015 according to the CMA. The team also continues to receive submissions which it will also publish in due course.
The CMA was initially referred to the energy market to conduct an investigation by the energy regulator Ofgem in June 2014.