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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of the statutory obligation on Ofgem to consult with energy firms on an energy price cap across standard variable tariffs on the time taken to implement such a cap.

The draft Domestic Gas and Electricity (Tariff Cap) Bill was published for pre-legislative scrutiny on the 12^th October 2017. Clause 2 (3) of the draft Bill requires Ofgem to consult certain stakeholders on the methodology. Clause 1 of the draft Bill sets out a requirement for Ofgem to modify the standard licence condition to impose a cap as soon as practicable after the Act is passed.