Ofgem: Publications
Commons · Question 13729 · Tabled 12 Nov 2024 · Department for Energy Security and Net Zero · Official record
Answered 20 Nov 2024
Question
Asked by Sir Bernard Jenkin
To ask the Secretary of State for Energy Security and Net Zero, what definition his Department uses for socio-economic welfare, the context of publications by Ofgem.
Answer
Answered by Miatta Fahnbulleh, 20 Nov 2024
Socio-economic welfare is a standard economic tool that aims to identify how much better off the country would be if an improvement is made by tracing the effects on the economy. In this regard, Ofgem uses the same definitions of welfare as used in other ...