Lords: Why aren’t consumer energy prices falling in line with wholesale prices?

elecricity-pylons-gridThe House of Lords is to demand answers from senior managers at the Dept. for Business & Energy as to why energy prices are not falling in line with falls in the wholesale price of electricity.

Members of the Lords’ Economic Affairs Committee are due tomorrow (29 Nov) to question the following officials from DeBEIS:

  • Ashley Ibbett, Director of Clean Electricity
  • Dan Monzani, Head of Energy Security
  • Paro Konar-Thakkar, Head of Energy Economics and Analysis.

Questions the Committee is likely to ask include:

  • How much do measures to encourage low-carbon energy sources, such as offshore wind farms, add to the energy costs for consumers, businesses and industry?
  • What impact will Brexit have on energy policy?
  • The wholesale cost of electricity is falling: why haven’t energy bills fallen further and faster?

You can watch the session live at www.parliamentlive.tv from 3.30pm

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