Ofgem: Publications

Department for Energy Security and Net Zero written question – answered at on 20 November 2024.

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Photo of Miatta Fahnbulleh Miatta Fahnbulleh Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Socio-economic welfare is a standard economic tool that aims to identify how much better off the country would be if an improvement is made by tracing the effects on the economy. In this regard, Ofgem uses the same definitions of welfare as used in other areas of government.

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