Energy: Prices
(asked on 8th February 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, what assessment his Department has made of the potential effect of implementation of proposals in the draft Domestic Gas and Electricity (Tariff Cap) Bill on a (a) a rise and (b) fall in wholesale energy costs; and if he will make a statement.
This question was answered on 20th February 2018
In designing the method for setting the level of the price cap we would expect that Ofgem would need to consider how to take account of relevant changes in wholesale energy prices, whilst maintaining incentives for switching and enabling effective competition.