Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what recent discussions he has had with Ofgem on the potential impact of trends in the level of wholesale gas prices on the price of energy for domestic consumers.
Ministers and officials meet regularly with Ofgem to discuss a range of issues including the operation of the wholesale market and gas prices. The Government expects to see changes in wholesale prices reflected in retail prices, in accordance with how suppliers have purchased their wholesale supplies. For default tariffs, changes in wholesale prices will be reflected when Ofgem updates the level of the price cap.