Office of Gas and Electricity Markets: Finance

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.

Volume 507: debated on Monday 15 March 2010