Written Question·Department for Energy Security and Net Zero·UIN 40787
Energy: Profits
Tabled: 24 March 2025
Answered: 28 March 2025
Named DayQuestion
Kirith Entwistle
Labour — Bolton North East
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to prevent energy companies profiting from price increases.
Answer
Miatta FahnbullehUnder the default tariff cap, Ofgem has capped the profits of energy suppliers in the retail market to ensure they do not make excessive profits. Since August 2023, the Earnings Before Interest and Tax allowance means that the percentage that energy suppl...
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