Energy: Prices

(asked on 17th November 2016) - 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 potential effect of exceeding the Levy Control Framework's forecasted costs each year to 2020-21 on consumer energy bills.


Answered by
Jesse Norman Portrait
Jesse Norman
Shadow Leader of the House of Commons
This question was answered on 22nd November 2016

The latest projections for the Levy Control Framework (LCF), published by the Office of Budget Responsibility in March 2016, show that while LCF future spending is forecast to exceed the budget cap to 2020/21, it remains within the 20% headroom agreed with the Treasury in all years.

The Department keeps the impact of LCF projected spending on consumer bills under review.

Updated projections for the LCF will be published by Office of Budget Responsibility alongside the Autumn Statement.

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