Ofgem elaborates on powers



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...

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