Energy: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 20th March 2018.

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Photo of Lord Risby Lord Risby Conservative

To ask Her Majesty's Government whether they will publish the assessment made of the costs and benefits of including a clause in the Domestic Gas and Electricity (Tariff Cap) Bill to allow organisations a right of appeal to the Competions and Markets Authority.

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

The Bill requires Ofgem to consult on its proposal for setting the level of the price cap, and to have regard to the need to ensure that an efficient supplier can finance their licenced supply activities.

A route of appeal against Ofgem’s decision would be available via judicial review.

The Government is not in a position to assess or comment on the likely costs and benefits that might be incurred by third parties in relation to hypothetical legal challenges.

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