Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 27 March 2023 to Question 171588 on Energy: Prices, what his timetabled is for establishing a mechanism to protect consumers from potential future commodity price spikes and help ensure that they benefit from lower cost renewable energy sources.

I refer the Hon. Member to the answer I gave her on 27th March 2023 to Question 171588. The Government aims to publish a second Review of Electricity Markets (REMA) consultation in Autumn 2023 and will take decisions on shorter-term reforms more quickly where it is viable to do so throughout the REMA programme.

REMA’s overall timescale will depend on the extent of reform found to be necessary and could range from those that could be taken relatively quickly, to reforms that could take a number of years to implement – depending on the nature and complexity of the reform.