Written question asked by Deidre Brock (Scottish National Party) on Tuesday, 6 February 2018, in the House of Commons. It was due for an answer on Thursday, 8 February 2018. It was answered by Claire O'Neill (Conservative) on Wednesday, 14 February 2018 on behalf of the Department for Business, Energy and Industrial Strategy.
Energy: Price Caps
- Question
-
To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reasons his Department's impact assessment for the draft Domestic Gas and Electricity (Tariff Cap) Bill does not include quantitative data on the effect of a price cap on (a) investment in the energy sector and (b) customers.
- Answer
-
As set out in the Impact Assessment for the draft Bill, the costs and benefits will depend on the detailed methodology the independent regulator Ofgem adopts to set the level of a tariff cap. The Government does not wish to pre-judge Ofgem’s work in establishing the methodology by including quantified analysis of the costs and benefits in the Impact Assessment.
Secondary information
- Type
- Written question
- Reference
- 126934
- Session
- 2017-19
- Subjects
- Consumers Investment Energy Price caps Impact assessments
- Legislation
- Draft Domestic Gas and Electricity (Tariff Cap) Bill
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-23 11:43:49 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/126934
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/126934
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/126934