Ofgem: Carbon Emissions

Department for Business, Energy and Industrial Strategy written question – answered on 1st June 2022.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to reform Ofgem’s statutory duty to include oversight of meeting net-zero commitments.

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

It is the Government’s plan to publish the Strategy and Policy Statement (SPS) later this year. The SPS will detail the Government’s strategic priorities and policy outcomes for energy policy, including delivering a net zero energy system while ensuring secure supplies at the lowest cost for consumers. The SPS will impose a legal obligation on Ofgem to have regard to those strategic priorities and policy outcomes when exercising its regulatory functions. Ofgem will be required to report at the outset and annually on its progress and plans for implementation.

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