|
answer text |
<p>Great Britain has one of the largest and most competitive wholesale gas hubs in
the world and British retail gas prices are amongst the lowest in Europe. We benefit
from highly diverse and flexible sources of gas supply, including storage, indigenous
production, six international gas pipelines with Norway, Belgium and the Netherlands
and three liquefied natural gas terminals.</p><p>In addition, increased competition
in the retail gas market means that households now having a choice of around 55 companies
supplying gas. Smaller suppliers are continuing to grow their market share and now
have just over 18% of the domestic retail gas market. Nevertheless the Government
considers that domestic standard variable tariff customers are being charged unjustifiably
high prices – as confirmed by the Competition and Markets Authority investigation
into the energy market.</p><p>In addition Ofgem has said it will consider extending
the price cap in place for customers on pre-payment meters to more vulnerable customers.</p>
|
|