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Centrica response to CMA Provisional Findings and Notice of Possible Remedies

Centrica plc notes the publication today of the Provisional Findings of the Competition and Markets Authority (CMA), the latest step in its investigation into the UK energy supply market.

Iain Conn, Chief Executive of Centrica plc said:

“We welcome the CMA’s wide-ranging review, which recognises the realities and difficulties of implementing policy, pricing and regulation into what is already a complex marketplace. From the summary we have seen, this looks to be a comprehensive and thorough assessment. We welcome the possibility that this review will have a constructive and positive influence on competition in the energy market. While we have questions and concerns about some of the proposals we look forward to engaging with the CMA in the next phase of this process.”

ENDS

For more information contact:

Tim Cowen
British Gas
0800 107 7015
Tim.Cowen@britishgas.co.uk

British Gas is Britain’s leading energy supplier, and serves around 11 million homes in Britain – nearly half the country’s homes – as well as providing energy to around half a million British businesses. British Gas provides value for money, dedicated customer service, innovative energy solutions and the highest quality Homes Services expertise in the country. Find out more at www.britishgas.co.uk.


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