Energy: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 14th September 2017.

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Photo of Simon Clarke Simon Clarke Conservative, Middlesbrough South and East Cleveland

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the extent to which the profit margins of distribution network operators affect the cost of energy.

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

Electricity and gas networks are the transportation systems which convey energy from where it is produced or imported to homes and businesses. Network costs make up around a quarter of the average dual fuel bill.

Network companies are regulated by Ofgem in order to ensure that companies deliver a safe, reliable network whilst investing for the future and providing value for money for customers.

The regulation process is a matter for the independent regulator Ofgem and, by law, must be administered independently of Government.

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