– and says any with too much market power should be broken up

  • Ed Davey urged Ofgem to look into profits made by the Big Six through supplying gas
  • Claims energy bills would fall £40 if profit margins for gas dropped to a similar level as for electricity
  • Suggests breaking up energy firms could be considered if deemed necessary



The profits being made by the Big Six energy companies through supplying gas should be investigated, the energy secretary has claimed. Ed Davey urged the energy regulator to examine whether their profit margins – in some cases five times higher for gas than for supplying household electricity – should be the subject of a market investigation. If evidence is unearthed that any company has too much market power, Ofgem should consider breaking it up, the Liberal Democrat minister said......Read more here