Energy: Prices

(asked on 16th January 2018) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department made an assessment of the operation of energy price caps in other countries prior to publishing the draft Domestic Gas and Electricity (Tariff Cap) Bill.


Answered by
 Portrait
Claire Perry
This question was answered on 23rd January 2018

Many countries in the world regulate retail energy prices, but unlike Great Britain their markets were not previously liberalised. The Government is clear that the price cap should be temporary and that, in setting the cap, Ofgem must regard must be given to, among other things, the need to protect consumers and ensure that efficient suppliers can finance their activities.

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