list two reasons for the crumbling of the Big Six suppliers of electricity in Great Britain
Answers
Two reasons for crumbling of he Big Six in Great Britain are as follows:
1) Increasing competition - There are new energy suppliers in the market of Great Britain, who charge less and are therefore posing great competition. The number of such independent suppliers is more than one hundred, and they manufacture their own power.
2) Changes in the government policies and regulations - The laws have been modified and made tough in order to restrain the dominance of the old giant companies. Moreover, the price caps have been raised.
Answer:
There are several reasons why the Big Six suppliers of electricity in UK are crumbling but one of the most obvious reason is the increase of competition in the market.
Small players have also started to become a big competition as they charge less and also manufacture the power on their own.
The second reason is the change in government regulations and policies due to the modification in laws to restrain dominant companies.