Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 28 September to Question 51639 on Offshore Industry: North Sea, whether he plans to undertake analysis of the potential impact of increased domestic gas exploration and extraction in the North Sea on domestic wholesale price specifically.
The Government works closely with Ofgem, National Grid Gas and other key industry organisations to monitor the gas supply horizon and the impacts on the wholesale market. The Government has also set up the Energy Supply Taskforce, which has begun negotiations with domestic and international suppliers to agree long-term contracts that reduce the price they charge for energy and increase the security of its supply.