Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made a recent assessment of the potential merits of restoring the market making obligation on major energy suppliers to improve liquidity in the wholesale electricity market.

As the electricity market regulator, Ofgem is responsible for ensuring that the wholesale electricity market is sufficiently liquid to provide efficient outcomes for consumers. Ofgem monitors liquidity in physical and financial markets and explores options to improve it. Alongside this, through the Review of Electricity Market Arrangements, the Department is considering how to ensure liquidity is maintained as the UK transitions to future market arrangements.