Energy: Billing
Commons · Question 66046 · Tabled 8 Jul 2025 · Department for Energy Security and Net Zero · Official record
Answered 15 Jul 2025
Question
Asked by Darren Paffey
To ask the Secretary of State for Energy Security and Net Zero, what recent discussions he has had with Ofgem on ensuring that consumers are treated fairly in relation to historic overpayments to energy network operators; and whether he has considered opt
Answer
Answered by Michael Shanks, 15 Jul 2025
The unexpected inflation shock of 2022-23 increased equity value for network companies due to fixed-rate debt financing. Following a public consultation, Ofgem took action to adjust how it regulates network company investment, deliverables and returns, so...