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1687545

registered interest
date	05/02/2024
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	St Albans
tabling member printed	Daisy Cooper
uin	13145
answer	answer is ministerial correction date of answer 12/02/2024 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> answering member constituency Derby North answering member printed Amanda Solloway question first answered 12/02/2024 13:44:00 answering member 4372 label Biography information for Amanda Solloway
tabling member	4769 label Biography information for Daisy Cooper

1685511

registered interest
date	29/01/2024
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	11838
answer	answer is ministerial correction date of answer 05/02/2024 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> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 05/02/2024 10:11:37 answering member 1482 label Biography information for Graham Stuart
tabling member	4602 label Biography information for Wera Hobhouse

1659446

registered interest
date	11/09/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Wokingham
tabling member printed	John Redwood
uin	198579
answer	answer is ministerial correction date of answer 19/09/2023 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 answering member printed Graham Stuart question first answered 19/09/2023 10:29:47 answering member 1482 label Biography information for Graham Stuart
tabling member	14 label Biography information for Sir John Redwood

1657724

registered interest
date	04/09/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	197471
answer	answer is ministerial correction date of answer 07/09/2023 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> answering member constituency Derby North answering member printed Amanda Solloway question first answered 07/09/2023 10:52:50 answering member 4372 label Biography information for Amanda Solloway
tabling member	4488 label Biography information for Martyn Day

1644089

registered interest
date	13/06/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Paisley and Renfrewshire North
tabling member printed	Gavin Newlands
uin	189307
answer	answer is ministerial correction date of answer 21/06/2023 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> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 21/06/2023 11:49:29 answering member 1482 label Biography information for Graham Stuart
tabling member	4420 label Biography information for Gavin Newlands

1607859

registered interest
date	27/03/2023
answering body	Department for Energy Security and Net Zero
answering dept id	215
answering dept short name	Energy Security and Net Zero
answering dept sort name	Energy Security and Net Zero
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Sefton Central
tabling member printed	Bill Esterson
uin	174279
answer	answer is ministerial correction date of answer 30/03/2023 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> answering member constituency Derby North answering member printed Amanda Solloway question first answered 30/03/2023 15:13:06 answering member 4372 label Biography information for Amanda Solloway
tabling member	4061 label Biography information for Bill Esterson

1582612

registered interest
date	31/01/2023
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	Electricity: Prices
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Baroness McIntosh of Pickering
uin	HL5264
answer	answer is ministerial correction date of answer 08/02/2023 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> answering member printed Lord Callanan question first answered 08/02/2023 11:30:58 answering member 4336 label Biography information for Lord Callanan
tabling member	384 label Biography information for Baroness McIntosh of Pickering

1581374

registered interest
date	26/01/2023
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	Electricity: 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 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.
tabling member constituency	Ludlow
tabling member printed	Philip Dunne
uin	133588
answer	answer is ministerial correction date of answer 03/02/2023 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> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 03/02/2023 11:17:48 answering member 1482 label Biography information for Graham Stuart
tabling member	1542 label Biography information for Philip Dunne

1581375

registered interest
date	26/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electricity: Prices
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Ludlow
tabling member printed	Philip Dunne
uin	133589
answer	answer is ministerial correction date of answer 01/02/2023 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 answering member printed James Cartlidge grouped question UIN 133587 question first answered 01/02/2023 15:45:20 answering member 4519 label Biography information for James Cartlidge
tabling member	1542 label Biography information for Philip Dunne

1565640

registered interest
date	10/01/2023
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	Electricity: 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, when he expects to announce the outcome of the Government's review of electricity market arrangements (REMA).
tabling member constituency	North Norfolk
tabling member printed	Duncan Baker
uin	120176
answer	answer is ministerial correction date of answer 16/01/2023 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> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 16/01/2023 14:21:09 answering member 1482 label Biography information for Graham Stuart
tabling member	4784 label Biography information for Duncan Baker