Recent announcements by both the Competition and Markets Authority (CMA) and the UK Chancellor are likely to foreshadow dramatic changes to the UK energy market.
In July 2015, the CMA released its provisional findings and remedies for concerns about a lack of competition in the energy sector. A few days later, the UK Chancellor signalled significant changes in the Government’s approach to environmental taxation, and also funding for low carbon technologies under the Levy Control Framework (LCF). Both announcements are likely to herald major change in the UK energy market. Our report provides an overview of both, and their implications for the sector.