British Gas response to Ofgem proposals
Responding to Ofgem proposals for an overhaul of the energy market, Phil Bentley, Managing Director of British Gas, said:
"We welcome any proposals that further boost competition in the UK energy market and provide reassurance for consumers.
"In particular, we welcome Ofgem's proposals to improve electricity market liquidity and transparency in the reporting of company returns.
"This review by Ofgem has been full and wide-ranging, and we believe a line can now be drawn under the issues addressed, and the need for a Competition Commission Inquiry.
"We will now digest the detail of Ofgem's plans and work with the regulator to make the necessary changes that will continue to build trust in the UK energy market."