ECCC object to CMAs recommendation to allow comparison sites to only show deals that earn them commission
-
- Site Admin
- Posts: 708
- Joined: Wed Mar 09, 2011 2:39 pm [phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable
ECCC object to CMAs recommendation to allow comparison sites to only show deals that earn them commission
The ECCC's letter, dated 19 July, states that "we are particularly alarmed about the remedy of rolling back Ofgem's Confidence Code requirements for energy Price Comparison Websites to show the whole of the market." and that "Consumers must be able to trust these websites to help them switch to the best energy deals available on the market. Ofgem referred the energy market to the CMA for an investigation in order to 'clear the air' after public trust in the energy market had collapsed in 2013-14. That trust is gradually returning, as Ofgem's latest survey of public attitudes to the energy market shows. This remedy risks turning that tide and eroding trust afresh."
As well as undermining trust the ECCC also point out that the remedy could have a "detrimental effect on competition" and that "it is harder for smaller suppliers to afford to pay the same rates of commission as the big six suppliers".
To read the ECCC's full letter, visit:
http://www.parliament.uk/documents/comm ... IS-SOS.pdf
In a hearing earlier this month, Roger Witcomb, chair of the CMA's energy market investigation panel, sought to justify the new rules, saying that the job of price comparison sites was to provide better deals for customers, not to provide a snapshot of the whole market. Roger Witcomb also aurgued that Citizens Advice already runs a website which compares all the energy deals available and "We only need one of those".
To read more, visit:
http://www.bbc.co.uk/news/business-36848411
and http://www.bbc.co.uk/news/business-36712099
-
- Site Admin
- Posts: 708
- Joined: Wed Mar 09, 2011 2:39 pm [phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable
UPDATE: Ofgem response to CMA Energy Market Investigation
See viewtopic.php?f=86&t=866, for more information.
Who is online
Users browsing this forum: No registered users and 86 guests