Energy: Price Caps

(asked on 2nd September 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 he has had recent discussions with representatives of (a) energy firms and (b) Ofgem on the potential merits of introducing an energy price cap for commercial customers.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 20th September 2022

The Government regularly engages with energy firms and Ofgem to understand the impact rising energy prices have on businesses of all sizes.

The Government announced a new six-month scheme – the Energy Price Guarantee for Businesses (EPGB) – to protect all businesses and other non-domestic energy users from soaring energy costs. It will offer comparable support to that being provided for consumers and we expect the scheme to be available in the autumn. After this initial six-month scheme the Government will provide focused support for vulnerable sectors, targeted to make sure those most in need get support.

Further details regarding the scheme will be published shortly.

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