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Office of Gas and Electricity Markets: Finance

Volume 507: debated on Monday 15 March 2010

To ask the Secretary of State for Energy and Climate Change what the budget is of the Office of Gas and Electricity Markets for (a) 2009-10, (b) 2010-11 and (c) 2011-12. (320515)

Ofgem inform us that their budget for 2009-10 and projected budget for 2010-11 and 2011-12 is:

£ million

2009-10

2010-11 (projected costs)

2011-12 (projected costs)

Ofgem

38.7

37.5

37.2

Ofgem E-Serve

6.9

41.2

39.9

Total

45.6

78.7

77.1

The projected increase in E-Serve’s budget between 2009-10 and 2010-11 is mainly due to the administration of new Government programmes such as the rollout of smart meters, feed in tariffs and the Renewable Heat Incentive.