Energy: Prices

(asked on 16th January 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the proposed provisions of the draft Domestic Gas and Electricity (Tariff Cap) Bill would permit him to remove the energy price cap in the event that such a removal would have a deleterious effect on (a) competition in the energy market and (b) energy customers.


Answered by
 Portrait
Claire Perry
This question was answered on 19th January 2018

Ofgem would set the level of the price cap in a way such that, amongst other things, it would maintain incentives for switching and enable effective competition. The price cap would be lifted once the conditions for effective competition are in place in accordance with the process in clause 6.

Reticulating Splines