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Ofgem has hit back at claims it may be partly to blame for high prices, after a group of former regulators said it had presided over a weakening of competition in the energy market.
"Unfortunately, record low gilt yields following the EU referendum result, the impact of Solvency II legislation and a significant weakening of competition in the annuity market have all exerted considerable downward pressure on annuity rates during 2016".
"We are concerned about a weakening of competition, not immediately, but in the next two or three years," says John Holmes at Which?, a consumer watchdog.Others worry that the way the banking landscape is being reshaped sends the wrong signals to investors and other merger candidates, even to foreign governments, about competition policy in Britain.
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"The result is a weakening of effective competition in the market...and less innovation," it concluded.The latest document bolsters these claims.
You know very well that this would result in long-term discrimination against, and weakening of, any competition, meaning that Google would be able to develop its superior market position still further.
It is possible that under true drought conditions we would have found a weakening of aboveground competition or some facilitation.
One idea is that Saudi Arabia is deliberately keeping supplies up and the price down to make shale oil less profitable and weaken a source of competition.
If South Korea can't develop new businesses to offset the decline of its debt-bloated conglomerates, its tiger economy may weaken in the face of competition from China in export markets.
At the heart of Russia's malaise is the weakening of market forces and suppression of competition, which means there is no longer much of a market economy.
CyberSource, an electronic-payment and risk-services company, says that online retailers in Britain reckoned on losses of 1.8% of revenue last year.The high cost of fighting card fraud has changed the balance of competition in banking, weakening smaller banks that lack the scale to build the necessary systems.
NBC took full advantage of weakened competition Monday night to score an impressive prime-time performance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com