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Prof Prem Sikka: Why the privatisation of the UK energy market has been a disaster
Just six companies, namely British Gas, EDF Energy, E.ON UK, npower, ScottishPower and SSE, control 77% of the UK household energy market. EDF energy is a subsidiary of the French-state controlled company Électricité de France. EON and npower are controlled from Germany. ScottishPower is controlled from Spain. The government encouraged smaller companies to enter the retail market. Until recently up to 70 companies competed in the retail market to sell energy to households and businesses.

One of the aims of privatisation was to separate production and retailing of energy but that is not how it turned out. ...

by Cat on Sat Dec 4th, 2021 at 05:04:49 AM EST
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