EDF Energy and OVO have received the Competition and Markets Authority’s (CMA) approval to intervene in Utilita’s appeal against Ofgem’s decision to implement minimum capital requirements for energy suppliers.
EDF Energy supports Ofgem‘s decision while, OVO has submitted evidence in favour of Utilita’s appeal.
The CMA found that EDF Energy, as a business directly affected by the decision, has a material interest in the appeal’s outcome.
EDF Energy’s intervention will specifically assist in addressing Grounds one and three of Utilita’s appeal, as it opposes several arguments presented in the Notice of Appeal.
The CMA determined that OVO is also materially affected by the outcome of the appeals, and its application expresses support for all the grounds raised by Utilita.
