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Fuel Oil: Regulation

Energy and Climate Change written question – answered on 24th January 2011.

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Photo of George Eustice George Eustice Conservative, Camborne and Redruth

To ask the Secretary of State for Energy and Climate Change if he will bring forward proposals for regulation of the heating oil market by Ofgem.

Photo of Charles Hendry Charles Hendry The Minister of State, Department of Energy and Climate Change

The regulation of gas and electricity markets promotes competition and regulates the monopoly companies which run the electricity and gas networks. There is no natural monopoly for supply and distribution in the heating oil market.

The Office of Fair Trading (OFT) continues to consider all complaints and representations carefully, and monitor for indications that consumer or competition legislation has been breached.

In response to the OFT's consultation on its annual plan to determine its work programme for the coming year, and mindful of the increases in heating oil prices during the recent severe weather, I have written to the OFT to ask it to bring forward its competition and consumer study into off grid energy.

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