E.ON UK boss calls for competition probe into energy market

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The chief executive of one of Britain’s “big six” energy suppliers called on lawmakers to launch a competition probe into the country’s utility market.

“I fundamentally believe that this market is competitive but we are not trusted and therefore I believe we need to have a very thorough Competition Commission investigation,” E.ON’s (EONGn.DE) UK chief executive Tony Cocker told a cross-party committee on Tuesday.

Soaring energy bills have jumped to the top of the political agenda in Britain since opposition Labour leader Ed Miliband promised to freeze energy bills for 20 months if he wins power in 2015, a proposal the government says is an empty gimmick.

via E.ON UK boss calls for competition probe into energy market | Reuters.

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