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Co-operative Energy Supports Moves to Open Up Electricity Market to Effective Competition

Posted on 13 June 2013

Ethical energy supplier Co-operative Energy has welcomed Ofgem’s final proposals that will open up the electricity market allowing independent energy suppliers to compete effectively against larger rivals. Ramsay Dunning of Co-operative Energy says: “Ofgem’s final proposals – released yesterday – are very welcome and represent what we have been campaigning for for some time – transparency and fairness. We believe this will have a lasting impact on both. “The proposals are a significant step in the right direction towards facilitating increased competition meaning a better deal for energy customers. “Previously pressure on Ofgem from the big suppliers has resulted in many of the market’s complex practices being allowed to continue so it’s good to see the introduction of a more level playing field which is more conducive to healthy competition and in the best interests of the consumer. “In forcing Britain’s biggest energy generators to publish the prices at which they are willing buy and sell electricity for two years ahead, Ofgem can bring to an end the unfair practices often used to effectively block small suppliers out of the wholesale market. We also welcome the decision to impose fines on those who do not trade fairly. “This represents one of a number of proposals and reforms coming from Ofgem that will help to break the stranglehold of the Big Six and result in a fairer deal for consumers.”

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