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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Ofgem on the (a) energy price cap rise and (b) its criteria of setting the price of a MWHr.

It is Ofgem’s role, as the independent regulator, to set a fair level for the price cap. Legislation sets out that Ofgem must review the level of the cap at least once every 6 months to ensure the cap appropriately reflects the underlying costs of energy, and the need to ensure that energy suppliers who operate efficiently are able to finance their activities.

Ofgem robustly developed and widely consulted on their methodology for determining the cap level, which was last published on 4 February 2022.