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In June 2014, the regulator for the energy markets within the UK (the Office For Gas and Electricity Markets -OFGEM) instigated a review on the supply and acquisition of energy.  OFGEM started the review by referring the matter to the Competition and Market Authority (CMA) under section 131 & 133 of the Enterprise Act 2002.

 

The aim of the review is to investigate whether the energy companies have been manipulating wholesale prices of electricity. If the wholesale prices have been manipulated it would indicate that the end consumers are not getting a fair deal. The outcome of this review will not be known until the end of 2015. However, this is a good example of how law and regulation can have a significant impact on the pricing of products or services, as discussed in chapter 14 of the book.

Reference: https://www.gov.uk/cma-cases/energy-market-investigation