Domestic Gas and Electricity (Tariff Cap) Bill

Part of the debate – in the House of Commons at 2:36 pm on 6th March 2018.

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Photo of Mark Pawsey Mark Pawsey Conservative, Rugby 2:36 pm, 6th March 2018

The Secretary of State talks about the setting of the cap, and setting it at the right level in the Bill is incredibly important. If it is too high, it will not achieve its objectives; if it is too low, there is a danger that some of the new entrants into the market will fail. The power is with Ofgem, but we have already heard that Ofgem has not been exactly brilliant in exercising its existing powers. Is the Secretary of State confident in Ofgem’s ability to set the cap at the right level?