Written Question·Department for Energy Security and Net Zero·UIN 35357

Electricity: Prices

Tabled: 4 March 2025

Answered: 12 March 2025

Question

Andrew Bowie

Conservative — West Aberdeenshire and Kincardine

To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the gap between market prices and average tariffs charged by electricity suppliers over the next five years.

Answer

Miatta Fahnbulleh

Under the default tariff cap, Ofgem has capped the profits of energy suppliers in the retail market to ensure excessive profits aren’t made. There are different costs included in the price cap and any changes to these costs affect how much the price cap w...

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