Forecourt Trader - 30 years at the heart of the fuel retailing community
ACS backs inquiry call
Published:  03 April, 2014

The Association of Convenience Stores (ACS) has welcomed a proposed investigation into the energy market, calling for action to make the market fairer and more competitive for local shops.

The announcement made on Thursday March 27 by energy regulator Ofgem is to recommend an investigation of the market by the Competition Markets Authority. Ofgem notes that profit increases and price rises have 'intensified distrust' of suppliers, and that an investigation is needed to consider whether the current state of the energy market acts as a barrier to competition.

Research conducted by ACS has shown that over a third of convenience retailers (36%) believe that they have been overcharged by their energy supplier, while almost one in four (23%) have reported difficulty in switching their contract or supplier.

ACS chief executive James Lowman said: "This investigation is long overdue."

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Weekly retail fuel prices: 15 January 2018
RegionDieselLPGSuper ULUL
East Midlands124.34132.31121.54
North East123.94133.63121.07
North West124.1658.50132.51121.18
Northern Ireland123.4169.90128.40120.85
South East125.1561.40132.52122.48
South West124.73130.24121.91
West Midlands123.7465.23132.27121.20
Yorkshire & Humber123.9161.90132.74121.12

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