Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, whether the CMA has provided guidance to his Department on the regulation of pricing for heating oil and or LPG.
Following discussions with the Competition and Markets Authority, we welcome its comprehensive examination of the heating oil industry. It is vital that customers are treated fairly and any price manipulation will not be tolerated.
We are working closely with the CMA to understand their findings and develop options to increase consumer protections in this sector, including potential regulatory measures.
While this work is ongoing, the Chancellor has announced £53m for low-income households that heat their homes with oil. This funding is available across the UK and Northern Ireland.