Revenue cap powers ‘inappropriate’ and unjustified

Proposals in the Energy Prices Bill to allow the business and energy secretary of state to delegate powers over suppliers’ charges are "inappropriate" and have no "compelling justification", according to a parliamentary committee that vets legislation. The bill, which was debated in the House of Lords under a fast-track timetable designed to ensure it is passed by Wednesday next week, has been widely criticised for giving ministers sweeping powers to over-ride Ofgem and the existing licensing and regulatory regime.

Standard content for Members only

To continue reading this article, please log into your Utility Week Account or subscribe now

Already registered?

Log in

Request a call back