Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if he will hold discussions with Ofgem on the potential merits of allowing businesses to renegotiate their energy contracts with suppliers; and if he will make a statement.
Contract negotiations are a matter for businesses and their energy suppliers. Businesses should contact their supplier to discuss renegotiations. The Government is providing support to businesses through the Energy Bill Discount Scheme until April 2024. Ministers from the Department for Energy Security and Net Zero and the Department for Business and Trade met recently with non-domestic suppliers, Ofgem and industry representatives to discuss what more could be done to support customers who may have fixed in at higher prices in Autumn 2022. The Government is working with Ofgem on this matter and the on-going non-domestic market review.