U.K. Denies Centrica’s Request to Ease Rough Gas Rules

Centrica Plc’s request to remove restrictions on its management of the Rough natural gas storage plant in the North Sea was provisionally denied by the U.K. government in order to protect competition.
The country’s biggest energy supplier agreed to the rules following its 2002 acquisition of the site to ensure its ownership wouldn’t disadvantage rivals and drive up gas prices, the Competition Commission said in a statement. Centrica requested a review of the limitations in April last year.
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Source: Bloomberg