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Energy market forces lack power

Ofgem Report: When it was ushered in at the high watermark of Thatcherism, UK energy market deregulation promised a new era of competition to gas and electricity prices. Get rid of the state-run monopolies, the theory ran, and the marketplace would naturally bring down bills.

When it was ushered in at the high watermark of Thatcherism, UK energy market deregulation promised a new era of competition to gas and electricity prices. Get rid of the state-run monopolies, the theory ran, and the marketplace would naturally bring down bills.