How does the UK perform

An independent assessment of performance indicates that the UK had one of the most competitive energy markets in the EU and G7 in both 2001 and 2002 (chart 6.3). ¹

¹OXERA, The relative extent of energy market competition in Europe and the G7. The detailed results and rankings for 2002 are only provisional at this time, due to the incompleteness of the datasets for that year.

6.3 Energy Market Competition
Why is it significant?
Energy must be competitively priced in order to maintain competitiveness and encourage inward investment. As in other markets, vigorous competition in energy stimulates innovation and ensures the efficient allocation of resources, improving service quality and driving down prices.
	How does the UK perform?

	An independent assessment of performance indicates that the UK had one of the most competitive energy markets in the EU and G7 in both 2001 and 2002 (chart 6.3). ¹ ¹OXERA, The relative extent of energy market competition in Europe and the G7. The detailed results and rankings for 2002 are only provisional at this time, due to the incompleteness of the datasets for that year.