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.
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.