U.K. Energy Consumers Paying $1.9 Billion Too Much, CMA Says
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British consumers would have saved 1.2 billion pounds ($1.9 billion) a year from 2009 to 2013 with more effective competition in the energy industry, according to the U.K.’s antitrust authority.
Households could have saved as much as 160 pounds a year on gas and electricity by switching suppliers, the Competition and Markets Authority said in a report Tuesday. Bills need to be easier to understand and switching must be encouraged, it said.