Energy: Price Caps

Department for Energy Security and Net Zero written question – answered at on 19 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, whether she has had recent discussions with consumer rights groups on the potential introduction of a more dynamic energy price cap.

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)

The Government is seeking views on how default tariffs should support households in the future https://www.gov.uk/government/calls-for-evidence/default-energy-tariffs-for-households-call-for-evidence.

Alongside this Ofgem are seeking views on how price protections could apply in future, considering innovations such as time of use tariffs www.ofgem.gov.uk/publications/ofgem-launches-discussion-future-price-cap.

As part of these discussions the Government is meeting stakeholders, including those from consumer rights groups to seek their thoughts on options for the price cap going forward.

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