Energy: Prices

(asked on 7th 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 effect of an energy price cap on the a (a) rise and (b) fall in wholesale energy prices.


Answered by
 Portrait
Claire Perry
This question was answered on 26th February 2018

In designing the method for setting the level of the price cap we would expect that Ofgem would need to consider how to take account of relevant changes in wholesale energy prices, whilst maintaining incentives for switching and enabling effective competition.

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