Luke Murphy

Luke Murphy

Labour — Basingstoke

Speaking in the House of Commons on 6 January 2026

Debate

Topical Questions

Contribution

T3. Since 2021, energy network firms have pocketed £4 billion in excess profits under the previous price control regime, known as RIIO-2, set under the previous Government. Those costs are borne by all our households through inflated energy bills. With Ofgem’s new price control regime, RIIO-3, now published, can the Minister confirm that robust safeguards are in place to both secure vital investment, but also protect from profiteering and deliver value for money for bill payers?

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