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Energy: Billing

Department for Business, Energy and Industrial Strategy written question – answered on 7th September 2017.

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Photo of Jenny Chapman Jenny Chapman Shadow Minister (Exiting the European Union)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce an energy price cap.

Photo of Margot James Margot James Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The detriment to retail energy customers on poor value standard variable tariffs, which was identified by the Competition and Markets Authority as averaging £1.4bn a year, must be addressed.

My right hon. Friend the Secretary of State has written to the Chief Executive of Ofgem asking him to advise on what action the regulator intends to take to safeguard consumers on the poorest value tariffs and to consider the future of standard variable tariffs. The Secretary of State will consider further action in the light of Ofgem’s proposals and remains prepared to legislate if necessary.

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