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Monday, 22 April 2013 13:38

FT – new Tory plans to shake up utilities

 

A report in yesterday’s Financial Times says that the Conservatives are in the process of developing policies to increase competition among utilities – including the water sector.

According to the FT, the new proposals by John Penrose, former parliamentary aide to Oliver Letwin, are intended to “shake-up” the energy, water, banking and broadband markets. A paper to be published later this week entitled “We Deserve Better”, will outline ways to enable customers to more easily compare prices and switch suppliers in key utility markets.

With regard to the water sector, the paper suggests that the market could be unbundled so other suppliers could use pipes, along the lines of that already in place in the Scottish market.

The FT says Mr Penrose’s paper will call for reforms to put “consumers in the driving seat” and argues that regulators such as Ofwat, Ofcom and Ofgem are partly to blame for their lack of customer focus.

 

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