United Kingdom · Question · Written question
UIN 33461
Energy: Price Caps
Introduced
25 February 2025
Last action
4 March 2025 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
4 March 2025
Summary
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the adequacy of the rate of earnings before interest and tax allowance in OFGEM's energy price cap methodology.
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Timeline
25 February 2025
Written question
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the adequacy of the rate of earnings before interest and tax allowance in OFGEM's energy price cap methodology.
Source: Commons
4 March 2025
Answer
The setting of the energy price cap is a matter for the independent regulator Ofgem. The earnings before tax and interest (EBIT) allowance allows energy suppliers to make a reasonable profit that ensures long-term investment, while limiting excess profits...
Source: Written answer
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- · Department for Energy Security and Net Zero · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2025-02-25/33461
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1778203
- uk · wq-1778203 · source updated 4 March 2025