Source · Select Committees · Business and Trade Committee
Recommendation 39
39
Acknowledged
Paragraph: 162
The Department and Ofgem must urgently update the Energy Retail Market Strategy so that the...
Recommendation
The Department and Ofgem must urgently update the Energy Retail Market Strategy so that the supplier retail market aligns with our net zero target; this must include interim milestones and high-level principles about the role suppliers will play in achieving net zero.
Government response summary AI-generated
Ofgem is working with the Department to ensure the development of a clear and coordinated roadmap for the future energy retail market to support the achievement of an effective transition to net zero in line with the targets set by Government. The Department is expected to publish an update to their Energy Retail Market Strategy later this year, including further information about timescales for finalisation and implementation.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
162
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
As the main interface between consumers and the energy system, the retail market will play a crucial role in enabling the transition to a net zero system, and ensure consumers are able to benefit from this transformation. The government will set out next steps on the future of the retail market in due course.
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