Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what discussions he has had with (a) Ofgem and (b) the Minister for the Cabinet Office on the level of customer bills, in the context of the development of the RIIO GD3 interim settlement for the gas network.
Answered by Michael Shanks
Ofgem’s RIIO3-GD3 interim settlement outlines allowable investment from the gas transmission and distribution operators to maintain safety and resilience in the gas network between April 2026 and April 2031. My Rt. Hon. Friend the Secretary of State has regular discussions with Ministerial Colleagues on a number of issues.
Similarly, the Secretary of State has regular meetings with Ofgem, as the independent energy regulator. Final RIIO-GD3 determinations, including those relating to investment, health and safety, and customer bills are ultimately for Ofgem to determine.
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