U.K. Energy Market Needs Fixing: Watchdog

Law360, New York (February 4, 2008, 12:00 AM EST) -- ScottishPower Ltd.'s latest price hike highlights the need for an investigation and overhaul of the United Kingdom's energy market, a watchdog has said.

With the price increase it announced on Friday, ScottishPower became the fourth U.K. energy giant to raise costs in less than a month, according to EnergyWatch, a gas and electricity industry watchdog.

The move points to the weaknesses in the country's market and the need for adjustments, the group said.

“Four double-digit rises in four weeks won't do much to persuade consumers that...
To view the full article, register now.