UK market regulator asked to review boiler pricing
Posted: Wednesday, April 17th, 2024
The UK Competition and Markets Authority (CMA) has been asked by a government minister to review the existing pricing and market for domestic boiler systems, H&V News reported. An open letter from the CMA said it would now carefully consider a request from Energy Security Secretary Claire Coutinho to undertake a review of competitive practices in the market for domestic heating systems. The minister had asked for work to be undertaken to look at the methods used by manufacturers to price their boilers and how the market was currently providing low-carbon systems such as heat pumps in an affordable way. Any decision on whether to review the market would be taken by the CMA Board in line with wider work currently being undertaken across different sectors. CMA chief executive Sarah Cardell said in the open letter that any probable investigation if approved, could begin in the second half of the year. She added: “Any potential work in this area would need to account for the important role of government in shaping conduct and outcomes in the green heating sector, in line with its policy objectives.” “Accordingly, it is likely that the output of any CMA work would include recommendations back to the government to address any relevant issues that may be identified.”
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