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Energy: Industry

Question for Department for Business, Energy and Industrial Strategy

UIN 804, tabled on 11 May 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of the adequacy and effectiveness of the mandatory tests for new entrants to the energy sector.

Answered on

20 May 2022

Ofgem published an independent review 6 May 2022 which examined Ofgem’s processes in relation to market entry. This report can be found online at: https://www.ofgem.gov.uk/publications/review-ofgems-regulation-energy-supply-market.

In December 2021, Ofgem published additional details on how it proposes to strengthen suppliers’ financial resilience so that they can cope with high and more volatile energy prices.