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Written question asked by Ben Lake (Plaid Cymru) on Tuesday, 22 March 2022, in the House of Commons. It was due for an answer on Thursday, 24 March 2022. It was answered by Greg Hands (Conservative) on Wednesday, 30 March 2022 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, what assessment has he made of the adequacy of the existing energy price cap in incentivising households to increase electrification for heating.

Answer

The price cap is a temporary measure until competition in the market improves and ensures domestic consumers on default tariffs pay a fair price for their energy. It is designed to tackle the loyalty penalty, where disengaged consumers are overcharged for their energy. It is not the objective of the price cap to incentivise choices in particular heating options.


Secondary information

Type
Written question
Reference
145012
Session
2021-22
Subjects
Energy Electricity generation Households Heating Price caps
Link
View this Written question on www.parliament.uk