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“Inefficient and expensive energy firms will face legal action over their behaviour, the European Commission's competition office has warned.

The comments were part of a report into Europe's energy markets, which added that splitting supply, generation and distribution would boost competition.

The Commission's competition czar Neelie Kroes said the report would make “uncomfortable reading” for some firms.

Oh well. I can only assume that those clicking yes have missed the following from Ian Pollock of the BBC. Once they have read it, they can go back to doing what they do best.

Sticking their heads in the sand.

ANALYSIS

By Ian Pollock, personal finance reporter

It is amazing it has taken so long for the FSA to decide it should actually prevent dodgy financial practices getting off the ground.

What, you may ask, has the FSA and its predecessors actually been doing?

The past 20 years have seen millions of people mis-sold mortgage endowments, personal pensions and payment protection insurance.

Consumers complained, and the media reported, as these scandals emerged; the FSA only acted once the damage was done.

Now, with its future threatened by a possible Conservative government, it has decided to raise its game.

What a pity it has taken so long to accept what most people think regulation should be all about.