Written Question·Department for Energy Security and Net Zero·UIN 32897
Energy: Profits
Tabled: 21 February 2025
Answered: 3 March 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential implications for his policies of the report by Citizens Advice entitled Debt to society: what the network companies should do with their windfal
Answer
Michael ShanksOfgem recognised that recent higher than expected inflation increased equity value for network companies due to fixed-rate debt financing. In 2023, Ofgem consulted on options to address this and will change the way it regulates network company investment,...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 32897) →