Written Question·Department for Energy Security and Net Zero·UIN 3061

Energy: Price Caps

Tabled: 30 August 2024

Answered: 9 September 2024

Question

Dan Carden

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential implications for his policies of Ofgem’s decision to increase the energy price cap from October 2024.

Answer

Miatta Fahnbulleh

Ofgem’s price cap increased for the period 1 October 2024 to 31 December 2024 due to the increase in global wholesale energy prices. The Government believes that the only way to protect billpayers permanently from price shocks, is to speed up the transiti...

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