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1687545
registered interest false more like this
date less than 2024-02-05more like thismore than 2024-02-05
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, whether she has had recent discussions with Ofgem on the potential impact of recent changes in off-peak night rates on Economy 7 electricity tariffs on households which use electricity to heat their homes in comparison with other households. more like this
tabling member constituency St Albans more like this
tabling member printed
Daisy Cooper more like this
uin 13145 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-12more like thismore than 2024-02-12
answer text <p>As the demand for electricity during the night-time period has grown, energy suppliers have had to pay significantly more to purchase that electricity for their customers. In turn, this is reflected in rising night-time rate for time-of-use tariffs</p><p> </p><p>The setting of tariffs, including for peak and off-peak periods for ‘Time-of-Use’ tariffs (such as Economy 7), are a commercial matter for individual energy suppliers.</p> more like this
answering member constituency Derby North more like this
answering member printed Amanda Solloway more like this
question first answered
less than 2024-02-12T13:44:00.28Zmore like thismore than 2024-02-12T13:44:00.28Z
answering member
4372
label Biography information for Amanda Solloway more like this
tabling member
4769
label Biography information for Daisy Cooper more like this
1685511
registered interest false more like this
date less than 2024-01-29more like thismore than 2024-01-29
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, whether her Department plans to hold a public consultation on proposals to decouple electricity from wholesale gas prices. more like this
tabling member constituency Bath more like this
tabling member printed
Wera Hobhouse more like this
uin 11838 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-02-05more like thismore than 2024-02-05
answer text <p>As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering a range of potential options to shield consumers from the impacts of potential future commodity price spikes and to ensure they benefit from renewables. The Government plans to publish a second REMA consultation in early 2024.</p><p> </p><p>The CfD scheme already insulates consumers against electricity price spikes. Over time this scheme will significantly reduce dependence on fossil fuelled power generation, lowering consumer exposure to gas prices.</p><p> </p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2024-02-05T10:11:37.13Zmore like thismore than 2024-02-05T10:11:37.13Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4602
label Biography information for Wera Hobhouse more like this
1659446
registered interest false more like this
date less than 2023-09-11more like thismore than 2023-09-11
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, whether she has made a comparative assessment of UK electricity prices compared to those charged in the United States. more like this
tabling member constituency Wokingham more like this
tabling member printed
John Redwood more like this
uin 198579 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-19more like thismore than 2023-09-19
answer text <p>Domestic and industrial electricity prices for countries that are members of the International Energy Agency (IEA) are published in Quarterly Energy Prices tables 5.5.1 and 5.3.1 respectively.</p><p> </p><p>Table 5.5.1: <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fstatistical-data-sets%2Finternational-domestic-energy-prices&amp;data=05%7C01%7CParliamentary.PQ%40energysecurity.gov.uk%7C786650962e3046a0b3ee08dbb8efe375%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638307112697499594%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=wgPYZVK5dTFuzRIezdq6thHlsI%2BhbhFq2t%2BhSdFFcZE%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/statistical-data-sets/international-domestic-energy-prices</a> and Table 5.3.1: <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fstatistical-data-sets%2Finternational-industrial-energy-prices&amp;data=05%7C01%7CParliamentary.PQ%40energysecurity.gov.uk%7C786650962e3046a0b3ee08dbb8efe375%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638307112697499594%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=4joRb28iFgMSNctS0ueff84pnZozv1ADrlz8oZieXoc%3D&amp;reserved=0" target="_blank">https://www.gov.uk/government/statistical-data-sets/international-industrial-energy-prices</a></p><p> </p><p>Average electricity prices in the United States are among the lowest in the IEA, below those in the UK, and they have been one of the 5 countries with the lowest prices across the IEA since the mid-2000s. Electricity prices vary by locality in the United States based on the availability of power plants and fuels, local fuel costs, and pricing regulations.</p>
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2023-09-19T10:29:47.387Zmore like thismore than 2023-09-19T10:29:47.387Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
14
label Biography information for Sir John Redwood more like this
1657724
registered interest false more like this
date less than 2023-09-04more like thismore than 2023-09-04
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, what steps her Department (a) has taken and (b) plans to take to lower electricity running costs. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 197471 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-07more like thismore than 2023-09-07
answer text <p>We are reducing the cost of electricity by boosting our diverse sources of homegrown energy, such as renewables.</p><p> </p><p>We are also reducing our dependency on imported gas and have set out our long-term ambition on new nuclear power.</p> more like this
answering member constituency Derby North more like this
answering member printed Amanda Solloway more like this
question first answered
less than 2023-09-07T10:52:50.69Zmore like thismore than 2023-09-07T10:52:50.69Z
answering member
4372
label Biography information for Amanda Solloway more like this
tabling member
4488
label Biography information for Martyn Day more like this
1644089
registered interest false more like this
date less than 2023-06-13more like thismore than 2023-06-13
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, what recent assessment he has made of the adequacy of regulatory arrangements for the price of wholesale electricity. more like this
tabling member constituency Paisley and Renfrewshire North more like this
tabling member printed
Gavin Newlands more like this
uin 189307 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-06-21more like thismore than 2023-06-21
answer text <p>As part of the Review of Electricity Market Arrangements (REMA), the Government is assessing the current set of regulatory arrangements for the price of wholesale electricity (among other aspects of the market). The Government will publish the conclusions of this assessment in the second consultation in the Autumn.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2023-06-21T11:49:29.007Zmore like thismore than 2023-06-21T11:49:29.007Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4420
label Biography information for Gavin Newlands more like this
1607859
registered interest false more like this
date less than 2023-03-27more like thismore than 2023-03-27
answering body
Department for Energy Security and Net Zero more like this
answering dept id 215 more like this
answering dept short name Energy Security and Net Zero more like this
answering dept sort name Energy Security and Net Zero more like this
hansard heading Electricity: Prices 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 Security and Net Zero, whether he plans to have discussions with Ofgem on improving transparency in Economy 7 tariffs under the Price Cap by requiring suppliers to publish Economy 7 tariff price schedules. more like this
tabling member constituency Sefton Central more like this
tabling member printed
Bill Esterson more like this
uin 174279 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-03-30more like thismore than 2023-03-30
answer text <p>A decision on whether to require suppliers to publish Economy 7 tariff price schedules is a matter for the independent regulator Ofgem.</p><p> </p><p>Ofgem’s Licence Conditions require suppliers to notify customers of the domestic supply contract terms, including requiring suppliers to take all reasonable steps to inform customers of the principal terms of their supply contracts, and sending a notice if prices increase or the terms of the contract vary in a way that disadvantages the customer.</p> more like this
answering member constituency Derby North more like this
answering member printed Amanda Solloway more like this
question first answered
less than 2023-03-30T15:13:06.343Zmore like thismore than 2023-03-30T15:13:06.343Z
answering member
4372
label Biography information for Amanda Solloway more like this
tabling member
4061
label Biography information for Bill Esterson more like this
1582612
registered interest false more like this
date less than 2023-01-31more like thismore than 2023-01-31
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Electricity: Prices remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what plans they have (1) to reduce the standing charge on domestic household bills, and (2) to charge this to the recent profits announced by electricity distribution companies. more like this
tabling member printed
Baroness McIntosh of Pickering more like this
uin HL5264 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-02-08more like thismore than 2023-02-08
answer text <p>The setting of the standing charge is a commercial matter for individual suppliers. Under the Price Cap, a supplier’s default and standard variable tariffs unit rate and standing charge together must not exceed the level of the cap set by Ofgem.</p><p> </p><p>The profits made by distribution network companies are regulated by Ofgem through the price control to ensure sufficient incentives for networks to deliver for consumers, whilst protecting consumers from high costs. The next price control begins in April, where returns for these companies will be set lower than previous price controls.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2023-02-08T11:30:58.277Zmore like thismore than 2023-02-08T11:30:58.277Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
384
label Biography information for Baroness McIntosh of Pickering more like this
1581374
registered interest false more like this
date less than 2023-01-26more like thismore than 2023-01-26
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Electricity: Prices 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 Business, Energy and Industrial Strategy., what assessment his Department has made of the potential implications for its policies of fluctuations in the rate of electricity market pricing per megawatt hour in the last 10 years; and what assessment his Department has made of the potential impact of inflation on those rates. more like this
tabling member constituency Ludlow more like this
tabling member printed
Philip Dunne more like this
uin 133588 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-02-03more like thismore than 2023-02-03
answer text <p>BEIS carries out regular monitoring of the wholesale market price to inform policy. Ofgem regularly publish data on wholesale electricity market prices.</p><p>As has widely been noted, the recent increase in electricity market prices has largely been driven by an increase in the wholesale market price for gas as a result of Russia's illegal invasion of Ukraine, as opposed to wider inflation.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2023-02-03T11:17:48.22Zmore like thismore than 2023-02-03T11:17:48.22Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
1542
label Biography information for Philip Dunne more like this
1581375
registered interest false more like this
date less than 2023-01-26more like thismore than 2023-01-26
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Electricity: Prices remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he or his officials have held discussions with their counterparts at the Department for Business, Energy and Industrial Strategy on the Electricity Generator Levy and work to disincentivise unabated fossil fuel generation, including meeting the Government's decarbonisation commitments. more like this
tabling member constituency Ludlow more like this
tabling member printed
Philip Dunne more like this
uin 133589 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-02-01more like thismore than 2023-02-01
answer text <p>As announced at Autumn Statement from January 2023 a 45% tax is being levied on the extraordinary returns being realised by certain electricity generators. This will help fund support for households and business with their energy bills as well as vital public services.</p><p> </p><p>The levy will only be applied to extraordinary returns defined as returns from selling electricity for a period at an average price of more than £75/MWh. This is approximately 1.5 times the average price of electricity over the last decade. The Government considers this to be a proportionate approach to recovering a share of the extraordinary returns electricity generators are receiving while leaving generators a share of the revenue from high electricity prices. HM Treasury has worked closely with the Department of Business, Energy and Industrial Strategy on the levy.</p><p> </p><p>The Office for Budget Responsibility considered the impact of the levy on its economic and fiscal forecasts which was published at Autumn Statement in its economic and fiscal outlook.</p>
answering member constituency South Suffolk more like this
answering member printed James Cartlidge more like this
grouped question UIN 133587 more like this
question first answered
less than 2023-02-01T15:45:20.567Zmore like thismore than 2023-02-01T15:45:20.567Z
answering member
4519
label Biography information for James Cartlidge more like this
tabling member
1542
label Biography information for Philip Dunne more like this
1565640
registered interest false more like this
date less than 2023-01-10more like thismore than 2023-01-10
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Electricity: Prices 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 Business, Energy and Industrial Strategy, when he expects to announce the outcome of the Government's review of electricity market arrangements (REMA). more like this
tabling member constituency North Norfolk more like this
tabling member printed
Duncan Baker more like this
uin 120176 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-16more like thismore than 2023-01-16
answer text <p>The first Review of Electricity Market Arrangements (REMA) consultation, which closed in October 2022, sought views gathered from across the energy sector on the UK's objectives and options for reform. A summary of the responses will be published early this year, with further consultation expected in 2023.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2023-01-16T14:21:09.917Zmore like thismore than 2023-01-16T14:21:09.917Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4784
label Biography information for Duncan Baker more like this