Heat Network Regulation considered by CMA
The Competition Markets Authority (CMA) has recently announced its findings as to whether Heat Networks benefit residents in terms of cost, service and quality. It has been determined that whilst many Heat Networks offer prices equal to that of an electricity or gas tariff, privately owned and rented properties are often paying more for heat, with a lesser standard of customer service and protection.
CMA believe that whilst Heat Networks are effective towards cutting carbon emissions, the absence of a regulator means that residents aren’t benefitting from equivalent standards of protection to that of gas and electricity customers.
Concluding that the sector is in need of regulation, CMA will consult on their recommendations until the end of this month, with a final report due to be published this summer.
Full press release can be found here.