Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what assessment they have made of the effectiveness of regulatory frameworks for electricity and gas throughout the UK.

The Government’s Smarter Regulation programme aims to reform existing regulations to minimise regulatory burden, ensure regulations are contemporary and forward looking, and make use of alternatives to regulation wherever beneficial, whilst ensuring a well-functioning regulatory landscape. Alongside this, the Government’s retail energy reform programme aims to ensure consumers receive good service, fair prices, that energy companies invest in innovative products and services, and consumer choice contributes towards a lowest-cost flexible energy system. In addition, the ongoing Review of Electricity Market Arrangements is conducting a widescale assessment of the current regulatory arrangements for the wholesale electricity market.