Britain's 'Big Six' energy suppliers face the threat of being broken up after regulators said they planned to refer the sector for a full-scale competition probe.
Energy watchdog Ofgem said soaring household bills and intensifying public distrust highlighted the need for an investigation which will determine whether the companies are making excess profits - after they quadrupled to more than £1 billion in three years.
Ofgem said a full-scale probe by the Competition and Markets Authority (CMA) would "clear the air" amid concerns that switching between suppliers had fallen and that those who never switched were being ripped off.
Rachel Fletcher, Ofgem's partner for markets, says the regulator wants to make sure no stone is left unturned in ensuring the energy market is fully competitive, while Ed Davey describes the announcement of a major competition inquiry into the 'Big Six' energy firms as "good news".
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