Energy: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 10th January 2018.

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Photo of Drew Hendry Drew Hendry Shadow SNP Spokesperson (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reason the Impact Assessment for the Draft Domestic Gas and Electricity (Tariff Cap) Bill does not include statistical information on the (a) costs and (b) benefits of the proposals.

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

As set out in the Impact Assessment, the costs and benefits will depend on the detailed methodology the independent regulator Ofgem adopts to set the level of a tariff cap. The Government does not wish to prejudice the deliberations of Ofgem’s work in establishing the methodology, and has therefore not included quantified analysis of the costs and benefits in the Impact Assessment but has included a qualitative discussion.

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