United Kingdom · Question · Written question
UIN 83794
Energy Price Guarantee
Introduced
9 November 2022
Last action
18 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
18 November 2022
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure that the cost to the public purse of the Energy Price Guarantee is not increased by the profit margins of energy providers.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
9 November 2022
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to ensure that the cost to the public purse of the Energy Price Guarantee is not increased by the profit margins of energy providers.
Source: Commons
18 November 2022
Answer
The Energy Price Guarantee discount is set by the Government. The costs of the scheme are linked to changes in energy wholesale prices, as reflected in the Ofgem price cap, and the volume of energy consumed by households. Exchequer funding provided to the...
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/2022-11-09/83794
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1541182
- uk · wq-1541182 · source updated 18 November 2022