questionText: To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential implications for his policies of the report by Citizens Advice entitled Debt to society: what the network companies should do with their windfal
answerText: Ofgem recognised that recent higher than expected inflation increased equity value for network companies due to fixed-rate debt financing. In 2023, Ofgem consulted on options to address this and will change the way it regulates network company investment,...
heading: Energy: Profits