Mentions:
1: None Secretary of State will take on a great deal of responsibility through these SIs and related work, but Ofgem - Speech Link
Written Evidence May. 10 2024
Inquiry: MethaneFound: obligation for each Gas Distribution Network (GDN) operator to report on total annual gas leakage to Ofgem
May. 10 2024
Source Page: DESNZ: spending over £25,000, August 2023Found: Buildings and Industry (NZBI) - Net Zero Buildings - Clean Heat Office of Gas and Electricity Markets (OFGEM
Asked by: Deidre Brock (Scottish National Party - Edinburgh North and Leith)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if she will take steps to bring district heating schemes under the same price protections as the rest of the energy market.
Answered by Amanda Solloway - Government Whip, Lord Commissioner of HM Treasury
We are introducing regulation from 2025 to appoint Ofgem as the heat network regulator. They will have powers to investigate and intervene on networks where prices for consumers appear to be unfair. Ofgem will consult on pricing regulation later in 2024 and price benchmarking will come into force in 2026.
Asked by: Kenny MacAskill (Alba Party - East Lothian)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 1 May 2024 to Question 23954 on Energy: Debts, what allowance for servicing consumer debt is permitted by Ofgem in setting the level of the Default Tariff Cap.
Answered by Amanda Solloway - Government Whip, Lord Commissioner of HM Treasury
Ofgem has announced a one-off price cap adjustment of £28 (equivalent to around £2.33 per month) to be applied between April 2024 and March 2025 for direct debit and standard credit customers. This is intended to enable suppliers to recover reasonable costs as a result of increased levels of bad debt, ensuring the retail energy market remains resilient and suppliers are able to offer consumers an appropriate level of support in managing their debts.
May. 09 2024
Source Page: Nationally Significant Infrastructure Projects - Advice Note Three: EIA notification and consultationFound: circumstance test in column 2 of Schedule 1 is met. 35 The Gas and Electricity Markets Authority (OFGEM
Asked by: Lord Bishop of Southwark (Bishops - Bishops)
Question to the HM Treasury:
To ask His Majesty's Government what plans they have to regulate identity tracing agencies in relation to the recovery of debt.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The Government wants to see fair treatment of individuals in problem debt, and there is a range of work underway across government and regulators to promote responsible practices for debt recovery.
The Financial Conduct Authority (FCA) regulates the collection of debt by lenders and certain debt collection agencies arising under credit agreements, consumer hire agreements and peer-to-peer loans. The FCA sets clear expectations for firms undertaking the collection of these debts, including the expectation for firms to establish the correct identity, where this is disputed.
On 18 March 2024 the UK Regulators Network (UKRN), including the FCA, Ofgem, Ofwat and Ofcom, published joint guidance which sets out their expectations for firms’ debt collection practices across their respective sectors. This is to ensure that firms support customers in debt and that firms’ collection practices are not causing harm to customers.
Written Evidence May. 08 2024
Inquiry: Economics of the energy sectorFound: of, and connection to, the transmission and distribution network: We will continue to work with Ofgem
Written Evidence May. 08 2024
Inquiry: Economics of the energy sectorFound: For example, the drive from Ofgem was to create a more competitive market to ensure that consumers
Written Evidence May. 08 2024
Inquiry: Economics of the energy sectorFound: We support the Ofgem strategic review of Transmission Network Use of System (TNUoS) charges and