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

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the draft Domestic Gas and Electricity (Tariff Cap) Bill, whether he plans to publish quantitative data on the effect of a price cap on (a) levels of investment in the energy sector and (b) costs to customers before a Bill is presented to Parliament, and if he will make a statement.

As set out in the Impact Assessment for the draft Bill, the costs and benefits will depend on the detailed methodology the independent regulator Ofgem adopts to set the level of a tariff cap. The Government does not wish to pre-judge Ofgem’s work in establishing the methodology by including quantified analysis of the costs and benefits in the Impact Assessment.