Energy: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 18th January 2018.

Alert me about debates like this

Photo of Daniel Poulter Daniel Poulter Conservative, Central Suffolk and North Ipswich

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money was paid by the Government to (a) electricity transmission, (b) electricity distribution and (c) gas distribution companies in each of the last four years.

Photo of Daniel Poulter Daniel Poulter Conservative, Central Suffolk and North Ipswich

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money has been returned to Government by the electricity transmission, electricity distribution and gas distribution companies in each of the last four years.

Photo of Daniel Poulter Daniel Poulter Conservative, Central Suffolk and North Ipswich

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money has been returned to consumers by (a) electricity transmission, (b) electricity distribution and (c) gas distribution companies in each of the last four years.

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

Great Britain’s electricity and gas transmission and distribution networks are operated by private companies regulated by the independent energy regulator Ofgem in order to ensure that they deliver a safe, reliable network whilst investing for the future and providing value for money for customers.

The regulation process, including the setting of price controls which determines revenue allowances for network companies, is a matter for Ofgem and, by law, must be carried out independently of Government.

Ofgem estimates that the design of the current price control (which started in 2013 for electricity transmission and gas distribution and 2015 for electricity distribution), together with voluntary returns by network companies, is expected to secure additional savings of £4.5bn for consumers during the course of the price control. Ofgem is continuing to engage with network companies to identify further savings and has warned them to prepare for tougher price controls in the future.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.