Energy Price Cap

Part of the debate – in the House of Commons at 3:36 pm on 3rd July 2017.

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Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 3:36 pm, 3rd July 2017

We are seeing a big increase in the deployment of renewables as the price comes down, as Mr Sheerman said. The effect of the overcharging—the abuse—is not a return to consumers, and this is not about the increased deployment of renewables. In the analysis of the CMA, the practice results in profits that are higher than they would be in a competitive market and relative inefficiency on the part of the suppliers. Consumers should not be paying for either of those.