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Energy: Meters

Department for Business, Energy and Industrial Strategy written question – answered on 14th February 2018.

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Photo of Deidre Brock Deidre Brock Shadow SNP Spokesperson (Devolved Government Relations), Shadow SNP Spokesperson (Fair Work and Employment), Shadow SNP Spokesperson (Northern Ireland)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what allowance it made for the average cost to suppliers of installing a smart meter when setting the pre-payment meter price cap.

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

Ofgem are responsible for setting the safeguard tariff (or ‘price cap’) for pre-payment meter customers. The methodology used for setting the level of the cap is based on calculations of wholesale costs, network costs, policy costs, operating costs, and costs specifically associated with prepayment meters. This includes the costs and benefits of smart metering.

Further details are available on Ofgem’s website:

https://www.ofgem.gov.uk/gas/retail-market/market-review-and-reform/implementation-cma-remedies/safeguard-tariff-or-price-cap.

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