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Energy Bill [HL]

I am not sure whether this is the right point to raise this issue, but it certainly has a bearing on some of the Minister’s comments and the points raised by the noble Lord, Lord Whitty. Giving householders a firm estimate of what their savings are likely to be seems to me to be a recipe for tears. A crucial element is the future cost of energy, but frankly no one can say what that will be. Might it be worth while to think of a formula similar to those used from time to time in selling life insurance, for example? We could say: ““If the price of energy is so and so, your savings will be X, but if the price is so and so, the cost will be a little higher””. In other words, we could give a range of savings, so that consumers would know the risks, which would be associated with the future price of energy.