DOES U.K. WANT FREE GAS MARKET OR NOT?
In their recent handling of British Gas plc, U.K. regulatory agencies show where governments can play a constructive role in the affairs of commerce and where they cannot. In recent weeks, two agencies have hammered British Gas from opposite directions. First, the Monopolies & Mergers Commission (MMC) recommended that the formerly state owned gas company divest its merchant operations and lose its monopoly in the U.K. residential market. Then the Office of Gas Supply (Ofgas) moved to prevent