Energy Supply: Regulation

(asked on 25th November 2021) - View Source

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.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 1st December 2021

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.

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