Discuss the findings of the OFGEM report with regards to the UK energy market; and discuss if more competition between the big six UK energy firms may benefit UK consumers.
The essay should be 1500 words in length. In writing the essay you should make use of the basic principles of Microeconomics and the relevant theories associated with perfect competition, a monopoly and an oligopoly. You will also need to consider how these theories relate to the case of the big six UK energy companies and the findings of the OFGEM report.