Source · Select Committees · Business and Trade Committee
Recommendation 18
18
Deferred
Paragraph: 77
We recommend that the Government and Ofgem reform the Supplier of Last Resort process so...
Recommendation
We recommend that the Government and Ofgem reform the Supplier of Last Resort process so that the costs are more fairly recouped whether through general taxation or energy bills.
Government Response Summary
The government will undertake a wider review of all elements of the energy price cap as part of discussions with Government on the future of price protection for consumers as the Energy Price Guarantee draws to a close.
Paragraph Reference:
77
Government Response
Deferred
HM Government
Deferred
decision made with regard to the price cap, such as those published in early August 2022. Each year Ofgem also publishes its assessment of whether conditions are in place for effective competition in domestic supply contracts. The Energy Price Guarantee will continue until 1 October 2024. There will be an opportunity for a wider review of all elements of the the energy price cap will be undertaken as part of discussions with Government on the future of price protection for consumers as the Energy Price Guarantee draws to a close.