Energy: Industry

Department for Business, Energy and Industrial Strategy written question – answered on 20th May 2022.

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Photo of Justin Madders Justin Madders Shadow Minister (Future of Work), Shadow Minister (Business and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of the adequacy and effectiveness of the mandatory tests for new entrants to the energy sector.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

Ofgem published an independent review 6 May 2022 which examined Ofgem’s processes in relation to market entry. This report can be found online at: https://www.ofgem.gov.uk/publications/review-ofgems-regulation-energy-supply-market.

In December 2021, Ofgem published additional details on how it proposes to strengthen suppliers’ financial resilience so that they can cope with high and more volatile energy prices.

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