Energy: Prices

(asked on 6th February 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, what assessment his Department has made of the potential effect of its proposal for an energy price cap on levels of customer switching.


Answered by
 Portrait
Claire Perry
This question was answered on 14th February 2018

As set out in the draft Domestic Gas and Electricity (Tariff Cap) Bill, Ofgem would be required to 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 draft clause 6.

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