questionText: To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential implications for his policies of Ofgem’s decision to increase the energy price cap from October 2024.
answerText: Ofgem’s price cap increased for the period 1 October 2024 to 31 December 2024 due to the increase in global wholesale energy prices. The Government believes that the only way to protect billpayers permanently from price shocks, is to speed up the transiti...
heading: Energy: Price Caps