The House of Lords Industry and Regulators Committee is to hear expert opinions on the UK’s energy market regulator, Ofgem, and its role in achieving the government’s net zero emissions target.
The hearing will take place at the committee’s 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.
It will question: Dieter Helm, professor of economic policy at the University of Oxford; Catherine Mitchell, professor of energy policy at the University of Exeter; and Jeffrey Hardy, senior research fellow at the Grantham Institute for Climate Change at Imperial College London.
Questions that are likely to be asked are 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 and 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.