United Kingdom · Question · Written question
UIN 119673
Energy: Companies
Original
Introduced
7 February 2022
Last action
14 February 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
14 February 2022
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce restrictions on the level of profit of energy companies.
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Timeline
7 February 2022
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce restrictions on the level of profit of energy companies.
Source: Commons
14 February 2022
Answer
The price cap protects households by ensuring they pay a fair price for gas and electricity. Ofgem’s price cap methodology includes a very modest allowance for profit made by an efficiently run supply company. The gas and electricity networks are economic...
Source: Written answer
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- · Department for Business, Energy and Industrial Strategy · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-02-07/119673
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1420101
- uk · wq-1420101 · source updated 14 February 2022