Standard content for Members only
To continue reading this article, please login to your Utility Week account, Start 14 day trial or Become a member.
If your organisation already has a corporate membership and you haven’t activated it simply follow the register link below. Check here.
SSE chief executive Alistair Phillips-Davies has publicly accused the Competition and Markets Authority of getting its sums wrong last summer when it said the big six suppliers were overcharging customers by £1.7bn a year, according to the Financial Times.
Phillips-Davies told the newspaper that the CMA had failed to prove its case, echoing comments made by Eon chief executive Tony Cocker at the Utility Week Congress last year.
Phillips-Davies told the Financial Times: “[The CMA] have completely failed to substantiate the evidence they have got and I think they have overestimated what they have done.”
Asked by the newspaper whether SSE would consider legal action if the CMA pressed ahead with its proposal for a price cap for customers on standard variable tariffs, Phillips-Davies said: “We would have to think about that.”
The CMA is due to make its final recommendations in June 2016.
Please login or Register to leave a comment.