CMA extends deadline of UK energy market investigationStaff writer ▼ | September 21, 2015
The statutory framework allows the Competition and Markets Authority (CMA) to extend its timetable by 6 months from December 25, 2015 to June 25, 2016, although it aims to deliver well within this timeframe.
Competition Energy business in the United Kingdom
The extension is to allow the CMA sufficient time to consider the many detailed responses received from suppliers, consumer groups, government and regulators to the provisional findings and range of potential remedies published in July.
The inquiry group also wants to ensure it has sufficient time to conclude the further evidence-gathering and analysis required for the final report and to design any subsequent remedy package so that it is as comprehensive a solution as reasonable and practicable to any competition problems identified in the final report.
Market investigation inquiry groups are permitted to extend the statutory deadline by 6 months in circumstances such as this where there are special reasons. ■