Energy: Price Caps
(asked on 4th July 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government whether they will publish a table showing (1) the breakdown of the Supplier of the Last Resort (SOLR) levy, and (2) the amount that each customer pays for each component of that levy, through their energy bills.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The independent energy Regulator, Ofgem, is responsible for administering the SOLR process and sets the levy for how costs are recouped, following consultation with stakeholders. In February, Ofgem announced the level of the price cap for April 2022 which included £68 for supplier of last resort costs. More detail can be found on Ofgem’s website.