To ask the Secretary of State for Business, Energy and Industrial Strategy, what annual benefit has Ofgem accredited to the average domestic consumer for 2020-21 as a result of the changes introduced in October 2020 to the Gas Transmission Charging Regime.
Ofgem, as the independent energy regulator, has responsibility for matters relating to gas network charging and has made their decision in accordance with their statutory duties, including their principal objective which is to protect the interests of GB’s energy consumers.
Ofgem have considered the impact of the decision on different types of consumers and have set out this analysis in their decision. Ofgem have estimated consumers will save over £3 billion over ten years from this decision, including c£1billion for gas consumers and c£2billion for electricity consumers. They expect that consumers overall will benefit from the decision.
Please visit https://www.ofgem.gov.uk/publications-and-updates/amendments-gas-transmission-charging-regime-decision-and-final-impact-assessment-unc678abcdefghij to find out more information on the decision.