Written Question·Department for Energy Security and Net Zero·UIN 13729
Ofgem: Publications
Tabled: 12 November 2024
Answered: 20 November 2024
Question
Sir Bernard Jenkin
Conservative — Harwich and North Essex
To ask the Secretary of State for Energy Security and Net Zero, what definition his Department uses for socio-economic welfare, the context of publications by Ofgem.
Answer
Miatta FahnbullehSocio-economic welfare is a standard economic tool that aims to identify how much better off the country would be if an improvement is made by tracing the effects on the economy. In this regard, Ofgem uses the same definitions of welfare as used in other ...
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