Independent pricing report contests Ofgem findings

31.05.11

A report released today by NERA Economic Consulting has concluded that there is no evidence to support Ofgem’s claim that energy suppliers raise their prices faster than they lower them.

Ofgem, the energy sector’s regulatory body, made the claim in March in its Retail Market Review. However Ofgem also conceded at the time that there were numerous reasons behind the asymmetry, and that its danger to consumers was not clear cut.

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