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Issue 388 | State of the Market report

Issue 388 | State of the Market report

Ali Forbes Ali Forbes Marketing and Communications Executive

OfgemState of the Market Report and associated documents 27 March 2014 On 27 March the regulator published its State of the Market Assessment, which was jointly undertaken by Ofgem, the Office of Fair Trading (OFT) and the Competition and Markets Authority (CMA). The assessment found that average profits for the Big Six increased from £3bn in 2009 to £3.7bn in 2012. Given there is no clear evidence of increased efficiency from suppliers, Ofgem claimed these increases could be indicative of a possible lack of effective competition. While it does not conclude what the appropriate profit margin for the industry should be, it questions ...

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