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Formal meeting (oral evidence session): Ofgem and net zero

Industry and Regulators Committee
Ofgem and net zero

Tuesday 29 June 2021

Start times: 10.15am (private) 10.15am (public)


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Economists give evidence on Ofgem and net zero

The Industry and Regulators Committee will speak to three economists about the role of the Office of Gas and Electricity Markets (Ofgem), the UK’s energy regulator, in the transition to net zero. The meeting will cover the cost considerations for Ofgem in supporting the transition to net zero, the possible impact on consumer prices, and how energy price controls should be adapted.

 

Meeting details

At 10.15am: Oral evidence
Inquiry Ofgem and net zero
Senior Vice President and Head of Research at Compass Lexecon
Emeritus Professor at Norwich Business School
Professor of Economics at University College London

Possible questions include:

  • What are the cost considerations for Ofgem in supporting the transition to net zero? How should these costs be financed? 
  • To what extent does Ofgem’s work on net zero conflict with the interests of consumers? Will costs for consumers increase in future? 
  • How do you think Ofgem’s price controls have performed to date? How should they be adapted in the context of the transition to net zero?
  • What changes, if any, are needed to Ofgem’s objectives and powers with respect to net zero? What impact would this have on Ofgem’s approach?

 

Location

Virtual meeting