Select committee: Energy Security and Net Zero Committee
Conclusion 11
3rd Report - The cost of energy
Published 21 Oct 2026
Addressed to Department for Energy Security and Net Zero
Energy Security and Net Zero Committee The cost of energy All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
We recognise that work is currently being undertaken by Ofgem but it is clear that the transition will only happen at the necessary pace if the price of electricity is significantly decreased. The costs of network improvement are passed through to consumers, households as well as businesses, rather than being borne by generators and networks, although requiring generators and networks to bear additional costs risks the costs still being passed on to the consumer. (Conclusion, Paragraph 61)
From: Energy Security and Net Zero Committee, 3rd Report - The cost of energy (HC 416), 21 October 2026
Government response
Government response awaited: deadline 21 December 2026.