Energy UK response to Ofgem liquidity proposals
Responding to Ofgem's final proposals to open up the electricity market to increase competition, Angela Knight CBE, Chief Executive of Energy UK, said:
"Effective and transparent wholesale energy markets can deliver benefits for customers, and we understand and agree with the objective of creating a more competitive retail market. The energy industry agrees with Ofgem that more work needs to be done on these proposals and are keen to have further discussions.
“The Ofgem proposals are not just a 'big six’ issue but apply to how the eight largest generators sell their energy onto the wholesale market. We need to consider carefully how the proposals join up as some have the potential to increase costs while others may well make it easier to see what is happening in the market.“