Energy: Prices

(asked on 22nd March 2022) - 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 has he made of the adequacy of the existing energy price cap in incentivising households to increase electrification for heating.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 30th March 2022

The price cap is a temporary measure until competition in the market improves and ensures domestic consumers on default tariffs pay a fair price for their energy. It is designed to tackle the loyalty penalty, where disengaged consumers are overcharged for their energy. It is not the objective of the price cap to incentivise choices in particular heating options.

Reticulating Splines