Skip to main content

Electricity: Pensions

Volume 502: debated on Wednesday 9 December 2009

To ask the Secretary of State for Energy and Climate Change what assessment he has made of the Government Actuary’s Department’s recent report on the stewardship of electricity sector pension schemes; and what consideration he has given to bringing forward measures to enable Ofgem to regulate in this area. (302557)

The Government Actuary’s Department’s report was commissioned by Ofgem as part of its review of compliance with its price control pension principles. The report fed in to Ofgem’s fifth distribution price control review, the final decision on which was published on 7 December 2009:

We have no plans to bring forward measures to change Ofgem’s role regarding pensions.