Written Question·Department for Energy Security and Net Zero·UIN 191420
Energy: Profits
Tabled: 27 June 2023
Answered: 5 July 2023
Question
Dan Carden
Labour — Liverpool Walton
To ask the Secretary of State for Energy Security and Net Zero, what recent estimate his Department has made of potential excess profits in the energy sector.
Answer
In the retail energy sector Ofgem has designed the energy price cap on household default tariffs so that retail prices include a modest allowance for profit. The non-domestic supply sector doesn’t have a price cap as there has been no evidence to date of ...
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