Energy: Prices

(asked on 12th January 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what plans they have to introduce an energy price cap for small businesses.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 26th January 2022

There are no plans to introduce an energy price cap for businesses. The price cap on domestic default variable tariffs was put in place to address the loyalty penalty and prevent consumers from being overcharged. There is a greater diversity of supply arrangements for businesses compared to the domestic sector. Businesses are therefore better placed to effectively procure goods and services for their business, including energy supply.

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