Energy: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 26th February 2018.

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Photo of Nicholas Dakin Nicholas Dakin Opposition Whip (Commons)

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the draft Domestic Gas and Electricity (Tariff Cap) Bill, through what route will organisations (a) challenge and (b) appeal the level of a price cap in the event that the right to appeal to an independent body is removed, and if he will make a statement.

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)

The draft Bill would place a new duty on Ofgem to implement a cap on standard variable and default tariffs, and provides a bespoke power for Ofgem to implement the price cap through an amendment to the licence conditions. Energy companies would be able to appeal an Ofgem decision on whether to proceed with the licence modification by way of judicial review. It does not remove an existing right of appeal.

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