E.ON comment in relation to updated Issues Statement published by CMA

By ScottSomerville E.ON has today (WED) taken note of the updated Issues Statement produced by the Competition and Markets Authority (CMA).

Commenting on the publication of the material an E.ON spokesman said: “We note with interest the updated Issues Statement published today by the CMA and as is right, will now review the material in advance of responding in detail.

“When the original Issues Statement was first published we set out why we believed the original theories of harm did not apply and requested that factors such as intrusive regulation and the political climate should be considered as additional factors. We will of course consider the new publication in light of these factors and others. Additionally, with specific respect to the focus on the supply of energy, it should be highlighted that the CMA makes clear that its update is given at an earlier stage of development than other areas.

“Throughout this process and since we first called for a full market investigation in 2011, we have been open and fully supportive of the detailed and thoughtful investigative work undertaken by the CMA and we will continue to provide all necessary and relevant information.”

E.ON’s original response to the Issues Statement, published by the CMA on the 24th July 2014, can be viewed at: https://assets.digital.cabinet-office.gov.uk/media/53f1c30540f0b62d98000017/EON_response_to_IS.pdf

Ends

For more information contact:

Scott Somerville (07889 771 804)

The information (including any forecasts or projections) contained in this press release (the “Information”) reflects the views and opinions of E.ON on the date of this press release. The Information is intended as a guide only and nothing contained within this press release is to be taken, or relied upon, as advice. E.ON makes no warranties, representations or undertakings about any of the Information (including, without limitation, any as to its quality, accuracy, completeness or fitness for any particular purpose) and E.ON accepts no liability whatsoever for any action or omission taken by you in relation to the Information. Any reliance you place on the Information is solely at your own risk. This press release is the property of E.ON and you may not copy, modify, publish, repost or distribute it. © E.ON 2015

Source:: E.ON comment in relation to updated Issues Statement published by CMA

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