Energy Supply: Competition
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to encourage more competition in the commercial energy supply market.
Answered by Chris McDonald
We are building on the outcomes of Ofgem’s 2024 report into the non-domestic market, and subsequent actions to improve practices: Non-domestic market review: decision | Ofgem
The Government and Ofgem continuously monitor the non-domestic energy market to ensure that there is a competitive market that is able to drive good outcomes for all consumers.
The Government also plans to directly regulate Third-Party Intermediaries (TPIs), by appointing Ofgem as the regulator when parliamentary time allows. A regulated TPI market will drive pro-consumer competition between energy brokers and deliver better outcomes for energy consumers.
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