British Gas boss rejects energy market competition restriction claims
In response to the complaints made by the bosses of smaller energy suppliers, that the big six are preventing the market from being competitive, the boss of British Gas has told MPs that it continues to remain competitive.
The bosses of Ovo Energy and Good Energy - one of the UK's many green energy suppliers - were called on by the Energy Select Committee, according to the Independent, to provide evidence showing how the market was being affected by the big six firms. Ovo Energy's founder, Stephen Fitzpatrick claimed that competition was being restricted.
Fitzpatrick told MPs: "It is a Â£30 billion market and nobody wants to enter it: that's a measure of competition."
These claims were rejected by British Gas' managing director, Phil Bentley. Speaking to MPs, he stated: "We give choice, there's lots of switching."
Bentley also added that gas prices in the UK were the lowest in Europe - although Eurostat figures for 2011 have shown that this was true for only half of the year.
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