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To ask the Secretary of State for Business, Energy and Industrial Strategy, what statutory role OfGem has in relation to decarbonisation policies; and what her Department's policy is on ensuring that the energy market best supports the transition to renewable energy.
Ofgem has an important role in the transition to net zero and has various powers and duties in relation to decarbonisation. Ofgem’s principle duty is to protect existing and future consumers and this includes consumers’ interests in the reduction of targeted greenhouse gas emissions from electricity and gas supply. Ofgem also has a duty to have regard to the effect on the environment of activities connected with the generation, transmission, distribution and supply of electricity and gas and, when performing its duties, to have regard to the need to contribute to the achievement of sustainable development. These duties are set out in Part 1 of the Gas Act 1986 and Electricity Act 1989.
The Government will set out its vision for the GB energy market as part of the forthcoming Energy White Paper, which will address the transformation of our energy system in the context of delivering net zero by 2050.