Energy: Price Caps

(asked on 25th March 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether she has had recent discussions with consumer rights groups on the potential introduction of a more dynamic energy price cap.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 19th April 2024

The Government is seeking views on how default tariffs should support households in the future https://www.gov.uk/government/calls-for-evidence/default-energy-tariffs-for-households-call-for-evidence.

Alongside this Ofgem are seeking views on how price protections could apply in future, considering innovations such as time of use tariffs www.ofgem.gov.uk/publications/ofgem-launches-discussion-future-price-cap.

As part of these discussions the Government is meeting stakeholders, including those from consumer rights groups to seek their thoughts on options for the price cap going forward.

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