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823510

registered interest
date	16/01/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the effect of removing the right for energy companies to appeal to the Competition and Markets Authority under the draft Domestic Gas and Electricity (Tariff Cap) Bill on the ability of energy suppliers to (a) formulate business plans and (b) invest in the UK energy market.
tabling member constituency	Fylde
tabling member printed	Mark Menzies
uin	122981
answer	answer is ministerial correction date of answer 24/01/2018 answer text <p>The draft Bill would place a new duty on Ofgem to implement a cap on standard variable and default tariffs, and provides a bespoke power for Ofgem to implement the price cap through an amendment to the licence conditions. Energy companies would be able to appeal an Ofgem decision on whether to proceed with the licence modification by way of judicial review. It does not remove an existing right of appeal.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 24/01/2018 16:17:15 answering member 3974 label Biography information for Claire Perry
tabling member	3998 label Biography information for Mark Menzies

823512

registered interest
date	16/01/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Price Caps
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, for what reasons the draft Domestic Gas and Electricity (Tariff Cap) Bill proposes to vest in him rather than Ofgem the power to remove the energy price cap in 2020 or to allow it to be extended.
tabling member constituency	Fylde
tabling member printed	Mark Menzies
uin	122982
answer	answer is ministerial correction date of answer 24/01/2018 answer text <p>The decision to implement a price cap will be made by Parliament approving a Government Bill on a matter that was a manifesto commitment. It is right for Government to decide whether the price cap would remain in place, after a report and recommendation from Ofgem.</p><p> </p> answering member constituency Devizes answering member printed Claire Perry question first answered 24/01/2018 16:10:48 answering member 3974 label Biography information for Claire Perry
tabling member	3998 label Biography information for Mark Menzies