Energy for Londoners and Tariff Cap Bill

Meeting: 
MQT on 2018-02-22
Session date: 
February 22, 2018
Reference: 
2018/0388
Question By: 
Caroline Russell
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Have you evaluated the impact of the draft Domestic Gas and Electricity (Tariff Cap) Bill on your Energy for Londoners energy supply operation?

Answer

Answer for Energy for Londoners and Tariff Cap Bill

Answer for Energy for Londoners and Tariff Cap Bill

Answered By: 
The Mayor

I am monitoring regulatory and market developments closely as I develop my Energy for Londoners energy supply company.  The high level of regulatory uncertainty, and consequent risk, was one of the factors that led me to decide to tender for a partner, as a prudent way of managing this risk.  It is too early to assess the impact of the Tariff Cap, as the Government and Ofgem have yet to publish the detail of how the cap will operate.