Sabres have been rattling this week, as the energy market prepares for the Competition and Markets Authority’s (CMA’s) publication of its provisional remedies later this month. When SSE chief executive Alistair Phillips-Davies told the Financial Times the company would “have to think about” legal action if the CMA pressed ahead with its original proposal of a safeguard tariff, the message was clear: we are not without recourse, and we will not take it lying down. His comments echoed those made by the big six in the wake of Labour’s price freeze proposal, which were based on the premise that, under European competition law, they would have at least a fighting chance of protecting their right to set prices.
Sabre rattling as speculation mounts on CMA remedies
