United Kingdom · Question · Written question
UIN 93697
Energy: Taxation
Original
Introduced
22 November 2022
Last action
30 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Energy, Taxation
Source updated
30 November 2022
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment with Cabinet colleagues of the potential merits of levying a windfall tax on the profits of distribution network operators.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
22 November 2022
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment with Cabinet colleagues of the potential merits of levying a windfall tax on the profits of distribution network operators.
Source: Commons
30 November 2022
Answer
Ofgem, as the independent energy regulator, uses the price control process to set the amount that Network Operators can spend and the returns they can make on investment. This allows for funding needed for a more resilient, low-carbon network while protec...
Source: Written answer
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Sponsors
- · 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/2022-11-22/93697
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1544556
- uk · wq-1544556 · source updated 30 November 2022