Retail Energy Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Diana Johnson
Main Page: Diana Johnson (Labour - Kingston upon Hull North and Cottingham)Department Debates - View all Diana Johnson's debates with the Department for Business, Energy and Industrial Strategy
(7 years, 1 month ago)
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Greg Clark
Ofgem has powers, and that is one of the reasons why it is responsible for setting the cap. The prices must reflect the actual costs, and extensive powers are available to Ofgem to prevent that kind of abuse.
Diana Johnson (Kingston upon Hull North) (Lab)
Can the Secretary of State confirm that the Bill will shave £100 from the energy bills of 17 million households, as promised by the Prime Minister?
Greg Clark
Yes. The detriment identified by the CMA was that people on standard variable tariffs were paying too much. It will be for Ofgem to determine what the level should be, but I have made it clear that I expect the whole of that detriment to be removed.