United Kingdom · Question · Written question
UIN 90885
Energy: Prices
Original
Introduced
18 November 2022
Last action
24 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy
Source updated
24 November 2022
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure any fall in wholesale energy costs are passed onto domestic consumers promptly.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
18 November 2022
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure any fall in wholesale energy costs are passed onto domestic consumers promptly.
Source: Commons
24 November 2022
Answer
Ofgem calculate the price cap to reflect the efficient costs of supplying energy. Ofgem now update the cap quarterly, so consumers will benefit more quickly from falling wholesale prices. The Government then applies the Energy Price Guarantee to reduce th...
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/2022-11-18/90885
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1543659
- uk · wq-1543659 · source updated 24 November 2022