1-3 of 3 results for subject:Ofgem
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To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Ofgem on the (a) energy price cap rise and (b) its criteria of setting the price of a MWHr.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Ofgem on the (a) energy price cap rise and (b) its criteria of setting the price of a MWHr.
It is Ofgem’s role, as the independent regulator, to set a fair level for the price cap. Legislation sets out that Ofgem must review the level of the cap at least once every 6 months to ensure the cap appropriately reflects the underlying costs of energy, and the need to ensure that energy suppliers who operate efficiently are able to finance their activities.
Ofgem robustly developed and widely consulted on their methodology for determining the cap level, which was last published on 4 February 2022.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent discussions he has had with Ofgem on (a) differing forms of power production, (b) their differing costs to produce power and (c) the influence of those on setting the market price of a MWHr.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent discussions he has had with Ofgem on (a) differing forms of power production, (b) their differing costs to produce power and (c) the influence of those on setting the market price of a MWHr.
The Renewables Obligation Order (RO) and Contracts for Difference (CfD) sustainability criteria require that electricity generation from biomass does not exceed a set greenhouse gas threshold and produces life-cycle emission savings:
https://www.ofgem.gov.uk/publications/renewables-obligation-sustainability-criteria.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions his Department has had with Ofgem on the rise in the energy price cap.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions his Department has had with Ofgem on the rise in the energy price cap.
Decisions on the level of the price cap are for Ofgem. The government is in regular contact with Ofgem and industry to discuss the impact of unprecedented global gas prices and will continue to monitor the situation closely to ensure consumers are protected.