Closed petition Tax 50% of the Energy Companies profits to help households pay bills.

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MPs investigate the impact of rising energy prices on consumers

MPs on the House of Commons Business, Energy and Industrial Strategy Committee have launched an inquiry into energy pricing and the future of the energy market. The inquiry is looking at how policy and regulation have contributed to rising energy prices. The inquiry is also examining the effect of price rises on consumers, and the operation of the energy price cap.

Find out more about the Committee's inquiry: https://committees.parliament.uk/work/1698/energy-pricing-and-the-future-of-the-energy-market/news/159559/energy-pricing-and-the-future-of-the-energy-market-inquiry-launched/

The Committee is considering the following issues:

  • Regulation of the energy market

  • The effectiveness of Ofgem as a regulator

  • The effectiveness of the 'energy price cap'

  • The costs to consumers when energy suppliers fail

Why has the Committee launched this inquiry?

The Committee’s inquiry on the retail energy market follows unprecedented increases in wholesale energy prices since the summer and with a number of firms going out of business, including Bulb, Britain’s seventh-biggest supplier with 1.6 million households as customers.

Keep up to date on the Committee's inquiry

Updates on the Business, Energy and Industrial Strategy Committee's inquiry into energy pricing and the future of the energy market marine mammals, including upcoming evidence sessions, will be published here: https://committees.parliament.uk/work/1698/energy-pricing-and-the-future-of-the-energy-market/

You can also follow the committee on Twitter for updates on its work: https://twitter.com/CommonsBEIS

What is the Business, Energy and Industrial Strategy Committee?

The Business, Energy and Industrial Strategy Committee is a cross-party group of MPs that look into the work of the Department for Business, Energy and Industrial Strategy and their associated public bodies.

Find out more about the committee on its website: https://committees.parliament.uk/committee/365/business-energy-and-industrial-strategy-committee/

The Business, Energy and Industrial Strategy Committee is a select committee. Find out how select committees work: https://www.youtube.com/watch?v=o_2RDuDs44c

Get involved in the work of the UK Parliament

Sign up to the Your UK Parliament newsletter for the latest information on how to get involved and make a difference: https://parliament.us16.list-manage.com/subscribe?u=3ad7e4c57a864f07e4db008c4&id=26d0645ea9

MPs investigate energy pricing and the energy market

The MPs on the House of Commons Business, Energy and Industrial Strategy Committee have been investigating energy pricing and the energy market, including Government support to help people with their energy bills.

Report on energy pricing and the energy market

In July the Committee published a report on energy pricing and the energy market. In their report, MPs called on the Government to help the most exposed households by updating its energy bills support. They also called on the Government to consider a social tariff for the most vulnerable customers.

Evidence session on the cost of living crisis

Last month the Committee questioned business representatives, unions and consumer groups about climbing energy bills, inflation, interest rates, food and material costs, the impact these trends are having, and how they expect the crisis to develop.

Select Committee podcast

The Chair of the Business, Energy and Industrial Strategy Committee, Darren Jones MP, is hosting the current series of the Committee Corridor podcast. This is a fortnightly podcast that brings together Members of Parliament from the different select committees in the House of Commons to interview experts and discuss the most pressing political, social and economic matters facing the UK today.

The current series is focusing on the cost of living, and in the first episode Darren spoke to the Chief Executive of the Resolution Foundation, and the MPs who Chair the Women and Equalities and Work and Pensions Committee.

What is the Home Affairs Committee?

The Business, Energy and Industrial Strategy Committee is a cross-party group of backbench MPs that looks into the work of the Home Office and its associated public bodies.

The Business, Energy and Industrial Strategy Committee is a select committee. Find out how select committees work.

Get involved in the work of the UK Parliament

Sign up to the Your UK Parliament newsletter for the latest information on how to get involved and make a difference.