Ofgem elaborates on powers
2 April 2012
Gas and electricity regulator Ofgem has produced guidelines on how it will use its powers to investigate anti-competitive behaviour under the new Competition Act 1998.
Gas and electricity regulator Ofgem has produced guidelines on how it will use its powers to investigate anti-competitive behaviour under the new Competition Act 1998. The act, which came into force in March, prohibits a company from abusing a dominant position within the market. Ofgem has the ability to impose fines of up to 10 per cent of a company’s turnover for...