Energy: Price Caps

(asked on 13th July 2022) - 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 his Department has made an assessment of the potential merits of setting a price cap for domestic heating in winter 2022.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 21st July 2022

The energy price cap was introduced to address an issue where certain groups of customers in the domestic market were found to be paying too much for their energy through a loyalty penalty. It therefore only applies to domestic gas and electricity consumers who are on a default or standard variable tariff. The price cap rate is set by Ofgem.

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