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229115
registered interest false more like this
date less than 2015-03-23more like thismore than 2015-03-23
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Energy: Competition remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Energy and Climate Change, what recent steps he has taken to increase competition in the energy supply market. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 228766 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-03-26more like thismore than 2015-03-26
answer text <p>There are now 21 independent suppliers in the domestic retail market providing more competition and choice for consumers.</p><p>The Government has made it quicker and easier for consumers to switch supplier. We have supported Ofgem’s reforms to make the retail market simpler, clearer and fairer and to increase liquidity in the wholesale electricity market.</p><p>In addition the Government has backed Ofgem’s referral of the energy market for investigation by the Competition and Market Authority.</p><p> </p> more like this
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2015-03-26T09:39:05.063Zmore like thismore than 2015-03-26T09:39:05.063Z
answering member
4070
label Biography information for Matt Hancock remove filter
tabling member
1447
label Biography information for Andrew Rosindell more like this
155850
registered interest false more like this
date less than 2014-11-17more like thismore than 2014-11-17
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Energy: Competition remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Energy and Climate Change, pursuant to the Annual Energy Statement of 6 November 2014, Official Report, column 982, what the evidential basis was for the statement that competition between energy suppliers is hotting up. more like this
tabling member constituency Don Valley more like this
tabling member printed
Caroline Flint more like this
uin 214556 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-25more like thismore than 2014-11-25
answer text <p>Cornwall Energy’s report, Competition in British Household Energy Supply shows that small and medium sized suppliers are continuing to make inroads in the largest suppliers’ market share. The market share held by small and medium sized companies for dual fuel customers was 9% on 31 July 2014.This is the highest market share recorded by small and medium sized companies since the market was liberalised:</p><p><a href="http://www.energy-uk.org.uk/publication.html?task=file.download&amp;id=4886" target="_blank">http://www.energy-uk.org.uk/publication.html?task=file.download&amp;id=4886</a></p><p>By contrast, in 2010 the equivalent market share was less than 1% percent.</p><p>Switching data compiled by Electralink shows that the number of households switching to small and medium-sized electricity suppliers continues to increase. In October Electralink recorded the highest number of net switches from large suppliers to small suppliers since records began:</p><p><a href="http://www.energy-uk.org.uk/publication.html?task=file.download&amp;id=4911" target="_blank">http://www.energy-uk.org.uk/publication.html?task=file.download&amp;id=4911</a>.</p><p> </p>
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
attachment
1
file name Cornwall Energy report_ Competition in British household energy supply markets - October 2014[1].pdf more like this
title Cornwall Energy report: UK Household Energy supply more like this
2
file name Electricity switching figures October 2014[1].pdf more like this
title Electricity switching figures October 2014 more like this
question first answered
less than 2014-11-25T14:40:28.437Zmore like thismore than 2014-11-25T14:40:28.437Z
answering member
4070
label Biography information for Matt Hancock remove filter
tabling member
389
label Biography information for Caroline Flint more like this
155458
registered interest false more like this
date less than 2014-11-11more like thismore than 2014-11-11
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Energy: Competition remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Energy and Climate Change, what assessment he has made of changes in competitiveness in the gas and electricity market for consumers in (a) Pendle constituency, (b) the North West and (c) England. more like this
tabling member constituency Pendle more like this
tabling member printed
Andrew Stephenson more like this
uin 214181 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-18more like thismore than 2014-11-18
answer text <p>Great Britain operates as a single energy market and therefore competitiveness is assessed on that basis.</p><p>There are 25 energy suppliers currently operating in the domestic supply market, consisting of 6 major and 19 independent supply companies. Since May 2010, 12 new suppliers have entered the market and they have more than trebled their customer base. Independent suppliers now account for around 9% of the domestic retail market up from 1% in 2010.</p><p>The best way to keep everyone’s bills down is to help people to save energy, ensure fair tariffs and encourage competition. Ofgem’s measures to reform the retail energy market are making it simpler for consumers to understand. While the Government has ensured that everyone is on the cheapest tariff that their supplier offers (that meets their preference).</p> more like this
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2014-11-18T15:50:25.77Zmore like thismore than 2014-11-18T15:50:25.77Z
answering member
4070
label Biography information for Matt Hancock remove filter
tabling member
4044
label Biography information for Andrew Stephenson more like this
101851
registered interest false more like this
date less than 2014-10-30more like thismore than 2014-10-30
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Energy: Competition remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Energy and Climate Change, what steps he is taking to improve competition in the wholesale energy markets. more like this
tabling member constituency North Antrim more like this
tabling member printed
Ian Paisley more like this
uin 212544 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-10more like thismore than 2014-11-10
answer text <p>In recent years we have seen significant improvements in day-ahead wholesale electricity market liquidity. In July 2014 just under 50% of GB final consumption was traded through day-ahead power exchanges. Two years earlier this figure was 28% and 3 years earlier 4.2%1. However, liquidity in forward markets is crucial and this remains a barrier to entry.</p><p>In April 2014 Ofgem introduced its reform package (‘Secure &amp; Promote’2) to improve forward market liquidity and wholesale market access for independent market participants. The Government took backstop powers in the Energy Act 2013 to allow it to act should Ofgem’s liquidity reforms be delayed or frustrated.</p><p>Competition is at the heart of the Government’s Electricity Market Reforms and independent participants have responded positively to pre-qualification for the Capacity Market. Of the 11GW pre-qualified, this includes 7GW of large CCGT plant – more than 5GW of which is from independent generators. In addition the Off-taker of Last Resort has been introduced to address route-to-market concerns of independent renewables developers. We have also seen significant participation from non-integrated utilities in the early Investment Contracts awarded under the FID Enabling for Renewables process – only 2 of the 8 contracts have been awarded to integrated utilities.</p><p>Finally, the independent Competition and Markets Authority is investigating the GB energy markets and will determine whether there are any adverse effects on competition and, if so, what action is required to address them.</p><p> </p><p><em><strong>[1]</strong></em><em> Sources: Elexon, Nord Pool, APX Group</em></p><p><em>2</em><em> <a href="https://www.ofgem.gov.uk/publications-and-updates/wholesale-power-market-liquidity-decision-letter" target="_blank">https://www.ofgem.gov.uk/publications-and-updates/wholesale-power-market-liquidity-decision-letter</a></em></p>
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2014-11-10T14:00:19.2277835Zmore like thismore than 2014-11-10T14:00:19.2277835Z
answering member
4070
label Biography information for Matt Hancock remove filter
tabling member
4129
label Biography information for Ian Paisley more like this
101117
registered interest false more like this
date less than 2014-10-27more like thismore than 2014-10-27
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Energy: Competition remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Energy and Climate Change, what steps he has taken to help businesses and individuals to switch their gas and electricity suppliers more quickly. more like this
tabling member constituency Windsor more like this
tabling member printed
Adam Afriyie more like this
uin 211929 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-30more like thismore than 2014-10-30
answer text <p>We have worked with Energy UK, Ofgem, suppliers and other key industry partners to develop and implement proposals which will enable domestic customers to switch supplier 17 days, half the time it currently takes. The industry code changes to enable to this will come in to force on 6 November and Energy UK members have all committed to offering it by the end of the year. These code changes will also enable more streamlined switching of non-domestic customers.</p><p>The Department is also working with Ofgem to support their proposals for a longer term move to next day switching. A key element of this is the roll out of smart meters.</p> more like this
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2014-10-30T17:13:29.1307524Zmore like thismore than 2014-10-30T17:13:29.1307524Z
answering member
4070
label Biography information for Matt Hancock remove filter
tabling member
1586
label Biography information for Adam Afriyie more like this