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United Kingdom · Question · Written question

UIN 93697

Energy: Taxation

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 November 2022

Last action

30 November 2022 · Answer

Status

Answered

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Subjects

Energy, Taxation

Source updated

30 November 2022

Energy · Taxation

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.

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Timeline

  1. 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

  2. 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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