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Energy boss calls for competition inquiry into market Andrew wright, the acting head of the regulator, ofgem, told the mps that competition in the market would be fully examined in a review due out in the spring of 2014. "We will look at all aspects that affect competition in the market,"He said. Stephen fitzpatrick, the managing director of ovo energy, a small independent energy company, told mps that wholesale prices paid by his company were actually falling. "I can't explain any of these price rises,"He said. "I have been somewhat confused by looking at the explanations for the price rises that we've seen in the past three or four weeks. " Labour leader ed miliband dismissed the energy companies' explanations for price rises as"A list of excuses". 'Filibusters'MPs also asked the energy bosses whether they were buying energy from different parts of their own business, thus inflating prices. Most of them have michael kors outlet sale a separate generation business as well as a retail business. "There is no cross subsidy between the two businesses.We operate them as stand alone businesses,"He said. Martin lawrence, a managing director of edf energy, agreed. "We operate our businesses entirely separately,"He said. The bosses were also asked about the level of profits in their retail arms. Guy johnson of npower said they had invested 2.9bn in the UK in the last five years. "I speak for a company that is proudly operating power stations and proudly investing in new power stations to ensure the lights stay on. " But stephen fitzpatrick, of ovo energy, said the big companies were charging 10% more than they should michael kors outlet online be. "We're all trying to tack down where this money is going, but you will never find it,"He michael kors sale uk said. "These guys are the best filibusters in the business. "

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