Is the competitive electricity supply market dying
(and does it matter)?

Ofgem, the energy regulator in Great Britain, has always aspired to create 'effective' competition in electricity supply - which would require regulation only through the normal application of general competition law. Its recent Energy Supply Probe is notably pessimistic about achieving this. Tim Tutton, Oxera Principal, suggests that such pessimism is appropriate, but that it may matter less than Ofgem thinks.

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