Ofgem

(asked on 9th February 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Energy White Paper, whether the Strategy and Policy Statement for Ofgem is planned to align that organisation’s objectives with the Climate Change Act 2008 (2050 Target Amendment) Order 2019.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 17th February 2021

As we said in the Energy White Paper, we will consult later this year on a Strategy and Policy Statement (SPS) for Ofgem. The Energy Act 2013 sets out the procedural requirements for designating a SPS, which includes consultation with Scottish and Welsh Ministers.

The SPS will set out the strategic priorities of our energy policy, the outcomes we seek to achieve and the roles of government, Ofgem and other parties which are collectively responsible for delivering these goals.

The SPS will require the Secretary of State and Ofgem to carry out their regulatory functions in a manner which is consistent with securing the government’s policy outcomes. This will include the UK’s legally binding target of net zero emissions by 2050, noting the separate targets in Scotland and Wales.

Ofgem’s principal duty is to protect the interests of existing and future consumers, which includes their interests in reducing greenhouse gas emissions.

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