Energy boss embraces market reforms
04 Apr 2014
SSE Chief Executive, Alistair Phillips-Davies, said the energy industry should have a less confrontational stance against reform.
‘As privatised utilities, we should always view with humility the regulatory, political and public scrutiny on our activities. We all have to acknowledge that energy is not perfect and we have to look at reforms that benefit the customer’.
SSE is Britain’s second-largest energy supplier, one of the ‘big six’, which were recently faced with the proposition of an inquiry by the Competition and Markets Authority (CMA).
In response to the proposition, Sam Laidlaw – chief executive of energy firm Centrica – warned that an investigation would lead to lowered investment and an increased risk of blackouts.
This led to accusations of ‘blackmail’. And Mr Phillips-Davies responded: ‘Throughout any inquiry it is time for this industry to listen and change, not be defensive or scaremonger’.
SSE have frozen their prices until 2016, in a show of good faith towards regulator Ofgem and their customers.