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United Kingdom · Question · Written question

UIN 35357

Electricity: Prices

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

4 March 2025

Last action

12 March 2025 · Answer

Status

Answered

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Discovery layer

Source updated

12 March 2025

Summary

To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the gap between market prices and average tariffs charged by electricity suppliers over the next five years.

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Timeline

  1. 4 March 2025

    Written question

    To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the gap between market prices and average tariffs charged by electricity suppliers over the next five years.

    Source: Commons

  2. 12 March 2025

    Answer

    Under the default tariff cap, Ofgem has capped the profits of energy suppliers in the retail market to ensure excessive profits aren’t made. There are different costs included in the price cap and any changes to these costs affect how much the price cap w...

    Source: Written answer

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