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New Lords committee examines Ofgem’s role in achieving net zero

Friday 18 June 2021

The House of Lords Industry and Regulators Committee will hear expert opinions on the UK’s energy market regulator, Ofgem, and its role in achieving the Government’s net zero emissions target at its next public evidence session, on Tuesday 22 June.

The Committee will question academics about the main challenges facing the energy market including energy affordability, shifting to green energy and preventing power cuts.

This is the first session as part of the Committee’s new inquiry into Ofgem, its effectiveness as an energy market regulator, and its role in achieving the Government’s net zero carbon emissions target by 2050. The Committee expects to publish the inquiry’s full Call for Evidence soon.

The Committee will question:

  • Professor Dieter Helm, Professor of Economic Policy, University of Oxford
  • Professor Catherine Mitchell, Professor of Energy Policy, University of Exeter
  • Dr Jeffrey Hardy, Senior Research Fellow, Grantham Institute for Climate Change at Imperial College London

Likely questions include:

  • What is Ofgem’s role in the transition to net zero?
  • Does Ofgem’s work on net zero conflict with consumer interests?
  • What are the implications of net zero for the security of the UK’s energy supply?
  • How effective is Ofgem as a regulator? Do its objectives or powers need to be changed?
  • Is Ofgem sufficiently accountable to Government and Parliament?

Follow the session live on Parliament TV on Tuesday 22 June from 10.15am.

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