Suppliers raise concerns that energy prices bill contains proposals for ministers to overrule independent regulator, Ofgem
Jacob Rees-Mogg
However, the Guardian understands that energy suppliers have raised concerns with the business department that the legislation contains proposals for the government to be able to effectively overruleThe draft legislation proposes to hand “power of the secretary of state to modify energy licences” as well as the “power of the secretary of state to give directions”.
The Lords are expected to discuss the main principles and purpose of the bill at a second reading of the legislation on Wednesday. Energy companies are also unhappy that they were given little time to examine the legislation. A senior source at one large energy supplier accused Rees-Mogg of a power grab “worthy of Henry VIII”. He said: “It gives absolute power to the secretary of state over all rules governing all aspects of the UK’s energy industry, in perpetuity.”
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