GMB Condemns “Toothless” Regulator Following Watered Down Energy Market Report
CMA report spends over a thousand pages simply tinkering with a broken and failed model for the UK electricity supply sector says GMB
GMB, the union for workers in the energy sector, commented on a report from the Competition and Markets Authority released on Friday. (See notes to editors for a link to a press release from the CMA).
The competition watchdog discarded plans to temporarily cap the amount energy firms could charge and reduced its estimation of the amount the big six suppliers were overcharging customers by £300m, from £1.7bn to £1.4bn.
Justin Bowden, GMB National Secretary, said "The regulator is a toothless waste of space that should be abolished and replaced by government itself taking over the regulatory role with powers to cap prices subject to control by Parliament. And as for the CMA report, it spends over a thousand pages simply tinkering with a broken and failed model for the UK electricity supply sector.
It is high time government developed a credible energy policy and fulfilled its responsibility for ensuring that the UK has a balanced low carbon energy mix which includes renewables, gas and nuclear power. As part of this credible energy policy, the remit of the Nuclear Decommissioning Authority (NDA) should be changed to the Nuclear Development Authority and charged with ensuring that the fleet of new nuclear power stations are brought on stream to replace the coal-fired and nuclear stations being decommissioned.
The government should ensure that the gas in the UK is available as a transitional fuel to heat homes rather than relying on supplies from overseas.”
Contact: Justin Bowden on 07710 631351 or GMB press office on 07970 863411 or 07739 182691
Notes to Editors
1 Link to Competition and Markets Authority press release dated