Energy: Prices

(asked on 27th April 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 steps the Government is taking to support Ofgem in ensuring that the new RIIO-2 price control framework is tougher on energy network companies.


Answered by
 Portrait
Claire Perry
This question was answered on 2nd May 2018

Network regulation, including setting the next energy network price control, RIIO-2, is a matter for Ofgem as the independent energy regulator. By law, Government has no role in this process.

Ofgem states that its proposals for RIIO-2 are expected to save consumers £5 billion over 5 years or around £15-25 per household bill.

Government welcomes regulators and network companies acting in the best interests of consumers and expects consumers to get a fair deal.

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