Robin Pagnamenta
Grab an Italian masterpiece for less
Britain’s biggest energy companies, which are facing scrutiny over recent price rises, have agreed to make the minutes of their lobby group meetings available to their regulator.
The move comes after an examination of price rises this month being conducted by Ofgem, the sector’s regulator.
The Energy Retail Association (ERA) — which consists of British Gas, Scottish & Southern Energy, EDF, E.ON, ScottishPower and nPower — said that it would not disclose publicly the minutes of its board meetings, which are held every two months, “because they include discussion of public policy matters”.
However, the ERA said that it would be “happy to provide copies of our minutes to Ofgem, at any time”.
The ERA fiercely rejected allegations that its members had ever used the forum to discuss prices, or acted in a cartel-like manner.
It said: “The ERA board never discusses the pricing or product strategies of individual companies and the ERA has no knowledge of any price changes introduced by any of its members before they are announced to the public.”
The ERA said that it “operates within strict guidelines as to the conduct of meetings and all of its other activities”.
In a statement to The Times, the ERA said that it had been contacted by Ofgem on January 14 and had discussed the claims with Alistair Buchanan, Ofgem chief executive, that day.
The allegations emerged as three of the UK’s top suppliers — nPower, EDF and British Gas — raised prices within two weeks of each other.
All blamed steep rises in wholesale gas and power prices as well as rising transmission and distribution costs and the growing cost of investing in renewable power.
The spate of rises prompted Alistair Darling, the Chancellor, to call Mr Buchanan and Sir John Mogg, Ofgem chairman, to a meeting to discuss energy prices. Scottish & Southern has said subsequently that it intends to freeze prices until at least March.
Ofgem said that it had no evidence of anticompetitive behaviour in the UK energy market, but that it was its responsibility as industry regulator to examine any claims carefully.
Last week the watchdog published a statement insisting that the UK market was competitive and was functioning properly.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
to £60K + bonus (OTE £90k)
Lord Search & Selection
Location Flexible
PwC’s Consulting practice helps businesses of all shapes
and sizes work smarter and grow faster.
£85k
CPA
Highly Competitve
Specsavers
Whiteley, near Southampton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.