Written question asked by Lord Taylor of Warwick (Non-affiliated) on Wednesday, 6 November 2024, in the House of Lords. It was due for an answer on Wednesday, 20 November 2024. It was answered by Lord Hunt of Kings Heath (Labour) on Tuesday, 19 November 2024 on behalf of the Department for Energy Security and Net Zero.
Natural Gas: Prices
- Question
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To ask His Majesty's Government what steps they are taking to reduce gas prices for consumers, particularly in relation to (1) high transmission costs, and (2) limited storage capacity.
- Answer
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The Government is committed to transforming Britain into a clean energy superpower and is working closely with Ofgem; to ensure energy is fair and affordable for consumers now and in the future.
Ofgem already regulate the cost of the transmission network, which safely and efficiently transports gas across GB, and under the current price cap represents an average annual cost of £7 per consumer.
Capacity of GB’s gas storage is not regulated by Ofgem however analysis published the Energy Security Plan Update in December 2023 shows we have sufficient and flexible gas storage to meet peak gas demand on any given day.
Secondary information
- Type
- Written question
- Reference
- HL2366
- Session
- 2024-26
- Subjects
- Consumers Costs Natural gas Prices Storage
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 20:06:49 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL2366
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- In Solr
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