| Heading: |
Energy: Profits |
| Question ID: |
1787835 |
| UIN: |
40787 |
| House: |
Commons |
| Date tabled: |
2025-03-24 |
| Asking Member ID: |
5095 |
| Asking Member display name: |
Kirith Entwistle
|
| Asking Member handle: |
kirith_ae
|
| Asking Member Twitter reference: |
@kirith_ae
|
| Member interest: |
false |
| Question text: |
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to prevent energy companies profiting from price increases. |
| Is named day: |
true |
| Date of holding answer: |
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| Date answered: |
2025-03-28 |
| Date answer corrected: |
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| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
5099 |
| Answering Member display name: |
Miatta Fahnbulleh
|
| Answering Member handle: |
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| Answering Member Twitter reference: |
Miatta Fahnbulleh
|
| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
Under the default tariff cap, Ofgem has capped the profits of energy suppliers in the retail market to ensure they do not make excessive profits. Since August 2023, the Earnings Before Interest and Tax allowance means that the percentage that energy suppl... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
215 |
| Answering body name: |
Department for Energy Security and Net Zero |
| Tweeted: |
true |