Energy Market Reform
There has been a lot of discussion recently about rising domestic energy prices and competition failures in the market, most recently the figures published by Ofgem on the profit made per customer by the big six energy suppliers. While these snapshot figures may not be particularly helpful in telling the whole story, they certainly reveal enough to raise the issue to the top of the agenda. The market is poorly functioning and there is too much complexity, lengthy tie-ins on the best deals and better deals for new customers. This is an inevitable consequence of different suppliers selling essentially an identical product, with price being the only comparison. The lights aren't brighter with electricity from one supplier compared with another, only cheaper or dearer.