Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Energy: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 2nd March 2018.

Alert me about debates like this

Photo of Henry Bellingham Henry Bellingham Conservative, North West Norfolk

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the draft Domestic Gas and Electricity (Tariff Cap) Bill on future investment by UK energy companies in (a) renewable energy, (b) nuclear power generation, (c) gas-fired power plants and (d) battery storage; 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 Domestic Gas and Electricity (Tariff Cap) Bill is clear that Ofgem must have regard to the need to ensure that holders of supply licences who operate efficiently are able to finance activities authorised by the licence. It would be for the independent regulator, Ofgem, to make its assessment of efficient operations. Ofgem is not required to have regard to investment projects that are outside the scope of the activities authorised by the supply licence.

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.