Energy: Prices

Department for Energy Security and Net Zero written question – answered at on 18 April 2024.

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Photo of Tan Dhesi Tan Dhesi Shadow Minister (Exports)

To ask the Secretary of State for Energy Security and Net Zero, what assessment she has made of the potential (a) merits and (b) impact on vulnerable groups of dynamic energy pricing.

Photo of Amanda Solloway Amanda Solloway Government Whip, Lord Commissioner of HM Treasury, Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Smarter technologies, tariffs, and services, including potentially dynamic energy pricing, can bring benefits for many consumers.

At the same time, we recognise that we must have the right consumer protection framework in place, particularly for vulnerable consumers.

In February, the Department launched a Call-for-Evidence on Default Tariffs which explores how default tariffs should evolve to work in a future, more dynamic, market. More information can be found here: https://assets.publishing.service.gov.uk/media/66019a0065ca2fa78e7da7dc/future-default-tariffs-for-households-call-for-evidence.pdf

Additionally, in their future work plan, Ofgem have committed to look at consumer protection in the future market and update their vulnerability strategy, alongside their ongoing work to protect vulnerable consumers.

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