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G0PQ5m6z
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Resource
Answer
Written answer
answer has question
vFfSRl66
answer has answering person
Amanda Jane Solloway
answer text
<p>In the retail energy sector Ofgem has designed the energy price cap on household default tariffs so that retail prices include a modest allowance for profit. The non-domestic supply sector doesn’t have a price cap as there has been no evidence to date of excessive profits, and prices are determined based on individual supply contracts. Ofgem is carrying out a review of the business energy supply market.</p><p> </p><p>The Energy Profits Levy is a temporary 35% surcharge on exceptional profits and comes on top of 40% headline tax rate applied to profits from UK oil and gas production, bringing the overall combined tax rate to 75%.</p>
answer given date
answer has answering body
Department for Energy Security and Net Zero
written answer has answering body
Department for Energy Security and Net Zero
Department for Energy Security and Net Zero
answering body has written answer
G0PQ5m6z
answering body has answer
G0PQ5m6z
vFfSRl66
question has answer
G0PQ5m6z
Amanda Jane Solloway
answering person has answer
G0PQ5m6z