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PARLIAMENTARY WRITTEN QUESTION
(12 November 2024)

Question Asked

To ask the Secretary of State for Energy Security and Net Zero, what definition his Department uses for socio-economic welfare, the context of publications by Ofgem.

Asked by:
Sir Bernard Jenkin (Conservative)

Answer

Socio-economic welfare is a standard economic tool that aims to identify how much better off the country would be if an improvement is made by tracing the effects on the economy. In this regard, Ofgem uses the same definitions of welfare as used in other areas of government.


Answered by:
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1 January 1970            

        

            
                            
                            
                        

                    


                                    

                    

                        

                    

                

            
                    

                                    

                

                    
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