Mmastodon EnvironmentEnergy first seen 1 d ago, last 16 h ago, peak #1
E.ON cleared to buy Ovo Energy, shrinking UK energy market
Original: And then there were three.... as EON is cleared by the Competition & Mergers Authority to buy Ovo Energy the UK energy m
Regulators have cleared E.ON's takeover of Ovo Energy, a deal that would leave the UK retail energy market dominated by just three major suppliers. Critics say the decision shows regulators underestimating the risks of an oligopoly, with households left with less choice and competition in a market already squeezed by high prices.
Why now: Concerns are growing that consolidating the UK energy market into three big suppliers will reduce competition and consumer choice.
E.ONOvo EnergyCompetition and Markets AuthorityUK energy market
Evidence
- And then there were three.... as EON is cleared by the Competition & Mergers Authority to buy Ovo Energy the UK energy market becomes even more of an oligopoly than it was. If you wanted an indication that regulators have little appreciation of the danger of oligopolies, this… · ChrisMayLA6@mastodon.me.uk · 22
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