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News & Blog

British Chambers of Commerce: Commenting on the Competition and Markets Authority summary of its provisional decision on the energy market

Posted: 10th March 2016

 Commenting on the Competition and Markets Authority summary of its provisional decision on the energy market, Ashley Shackleton, Head of Public Affairs at the British Chambers of Commerce (BCC) said:

“Businesses tell us that rising energy costs are a growing concern, so the measures laid out in the CMA report to increase price transparency and end auto-rollover contracts are a good first step to fix the obvious problems in our energy market.

“While microbusinesses often lack the information to make informed decisions, energy costs affect businesses of all sizes, and it is a shame that the report only focuses on those at the smaller end of the spectrum.

“Any moves to increase competition in the market will help businesses at a time when they are faced with an enormity of business costs. However, these measures need to be coupled with a significant energy security strategy for the long term.”

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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