Consultation outcome

Centrica Storage Ltd and Centrica plc – request to vary undertakings

• From: Competition and Markets Authority
• Published: 22 September 2015
• Last updated: 27 October 2015 — See all updates

This consultation has concluded

Read the full outcome

Decision statement

PDF, 263 KB, 6 pages

Detail of outcome

The CMA has decided to open a review into the Rough undertakings relating to the completed acquisition by Centrica of Dynegy Storage and Dynegy Onshore Processing UK.

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Original consultation

Summary

An invitation to comment on whether the CMA should review undertakings relating to the operation of the Rough gas storage facility.

This consultation ran from
7am on 22 September 2015 to 5pm on 12 October 2015

Consultation description

The Competition and Markets Authority (CMA) is inviting comments on whether to review the ‘Rough’ undertakings, following a request from Centrica Storage Ltd (CSL) and Centrica plc to vary them. The undertakings were given in 2003 in relation to Centrica plc’s acquisition of Dynegy Storage Ltd and Dynegy Onshore Processing UK Ltd, and were last reviewed by the Competition Commission in 2011.

CSL and Centrica, by reason of a change of circumstances, are now seeking a variation to the undertakings. The CMA is considering whether to launch a review under paragraph 16 of Schedule 24 to the Enterprise Act 2002.

Documents

Invitation to comment

PDF, 312 KB, 5 pages

CSL and Centrica application for a variation to the undertakings

PDF, 873 KB, 15 pages

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CSL and Centrica proposed changes to undertakings

PDF, 1.01 MB, 45 pages

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Rough undertakings

PDF, 394 KB, 46 pages

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CSL’s and Centrica’s request for an indication of the CMA’s prioritisation principles

PDF, 1.07 MB, 19 pages

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CMA’s letter of indication of prioritisation

PDF, 332 KB, 5 pages

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Published 22 September 2015
Last updated 27 October 2015 + show all updates

1. 27 October 2015

   Decision statement published.

2. 22 September 2015

   First published.