Jul 28 2008
The Commons Trade and Industry Committee has just about steered clear of accusing six major energy companies of operating a cartel in respect of gas and electricity prices, although the MPs are making it clear they regard the marketplace as far from fair. In a worrying report published today, the committee says it has uncovered evidence that the big players are “abusing their market position” in order to prevent smaller companies from gaining a toe-hold in Britain, while in Europe Governments have conspired to make sure energy prices are lower for consumers and industry....