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IBDRY Iberdrola SA (PK)

49.96
0.07 (0.14%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Iberdrola SA (PK) USOTC:IBDRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.07 0.14% 49.96 49.50 50.01 50.11 49.575 50.11 28,555 21:00:29

Competition and Markets Authority Proposes UK Energy Market Changes

10/03/2016 8:06am

Dow Jones News


Iberdrola (PK) (USOTC:IBDRY)
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By Rory Gallivan

 

LONDON--The U.K.'s Competition and Markets Authority on Thursday announced proposals to help energy consumers, including price controls for customers on prepayment meters and creating a database to help rival suppliers market to consumers.

"We have found that the six largest suppliers have learned to take many of their existing domestic customers--some 70% of whom are on "default" standard variable tariffs--for granted, not just over prices, but with their service and quality," said Roger Witcomb, who chaired the CMA's investigation into the matter.

"We're proposing a wide range of bold, innovative measures to enable competition to grow further across the market so that millions more households will benefit," he added.

 

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

March 10, 2016 02:51 ET (07:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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