, Chair of the Business,
Energy and Industrial Strategy Select
Committee said in response to the Ofgem
announcement on the final level of the energy price
cap: “The energy price cap is a vital solution to fixing
the broken energy market and protect consumers. I welcome Ofgem’s
announcement on the level of the price cap. However, vulnerable
customers must not lose out. The Secretary of State needs to set
out how the new price cap will ensure that vulnerable customers
do not slip through the net and actually find themselves worse
off. If the Government are unable to provide this guarantee, then
the BEIS Committee will need to revisit this issue and ensure the
price cap delivers as intended.”
, Chair of the Business,
Energy and Industrial Strategy Select Committee wrote (on
1st November) to Rt Hon , Secretary of State for
Business, Energy and Industrial Strategy regarding concerns about
the way in which provisions of the Domestic Gas and Electricity
(Tariff Cap) Bill are being implemented and to seek further
reassurances in relation to the protection of vulnerable
customers. This correspondence is published today.
Notes to editors
On 13 February, the Business, Energy and Industrial Strategy
(BEIS) Committee published a report on the
Government’s energy price cap draft Bill. The Committee found the
current energy market is broken and penalises customer loyalty.
The Committee also found that the Big Six had brought the
introduction of a price cap upon themselves by their raising of
prices in 2017 and by failing to take effective action against
the overcharging for years of their customers on default and
standard variable tariffs (SVTs).
