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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the effectiveness of the criteria which determine the level of the energy price cap set by Ofgem.

Decisions on the level of the price cap are for Ofgem. Ofgem’s consultation on proposed changes to the price cap closed on 17 December 2021. Ofgem intends to have a decision published by the beginning of February 2022.

The Government is in regular contact with Ofgem and industry to discuss the impact of unprecedented global gas prices and will continue to monitor the situation closely to ensure consumers are protected.