Energy: Prices

(asked on 23rd October 2017) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 13 October 2017 to Question 106537, on Energy: prices, what estimate he has made of the length of time it will take Ofgem to consult stakeholders before introducing an energy price cap.


Answered by
Margot James Portrait
Margot James
This question was answered on 26th October 2017

This is a matter for Ofgem. However, the provisions of the draft Bill allow Ofgem to consult on the methodology and the licence condition to implement the cap to take place during the passage of the Bill through Parliament. The provisions of the Bill also require Ofgem to implement the cap as soon as practicable after Royal Assent.

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