Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the adequacy of (a) regulation of the consumer energy market and (b) performance of Ofgem in the context of recent energy supplier failures.
There are unprecedented conditions in global energy markets. As a consequence, some suppliers have exited the market. The Government and Ofgem work to ensure that exits are orderly, customers are protected and they have uninterrupted supply. The Government is considering the necessary reforms to retail market regulation to support the UK’s transition to net zero.