U.K. slates electric power market reforms

The U.K. Department of Trade and Industry (DTI) has published plans for reforming Britain's electric power market to cut prices to consumers. DTI and the government's Office of Electricity Regulation (Offer) produced outline plans for reform but said they had to work out how the new market will work and who will regulate it. Reform approach Energy and Industry Minister John Battle called for nominations for a development and implementation steering group that is intended to ensure the new trading arrangements are "robust and delivered in a timely way." While Battle gave no idea of when the reforms are to be completed, he said that they would be designed to help ensure dive...

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