E.ON calls on firms to improve liquidity of electricity market - 27/02/2012
E.ON has called on the other major energy suppliers to help provide cheap electricity by increasing the liquidity and transparency of the market.
Following an announcement last week by Ofgem that the Big Six firms should offer more of their power for sale on the open market, E.ON pointed out it currently leads the way in this area.
It said it currently puts the equivalent of 50 per cent of its generated energy up for auction and called on other providers to match its commitment.
Sara Vaughan, director of regulation and energy policy at E.ON UK, stated: "We cannot stand alone. Without the other companies - and it is important that includes all major generators - playing their part, the market and ultimately consumers will not benefit."
Ofgem's proposals are intended to enhance competition in the sector by making it easier for smaller firms to secure wholesale power in their product range, the energy regulator stated.
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