Ofgem

(asked on 15th November 2022) - 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 progress his Department has made on reform of Ofgem's remit.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 23rd November 2022

Ofgem’s primary statutory duty is to protect the interests of existing and future consumers in relation to gas conveyed through pipes and electricity conveyed by distribution or transmission systems. The Government, together with the expertise of Ofgem as the independent market regulator, is continuing to look at reforms to energy markets to ensure that they deliver secure, low carbon and low-cost energy to all consumers.

The Government is also working to develop its Strategy and Policy statement (SPS) for energy policy in Great Britain. This key document will provide Ofgem with a strategic framework to deliver the Government’s energy policy ambitions.

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