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Written question asked by Claire Young (Liberal Democrat) on Friday, 29 May 2026, in the House of Commons. It was due for an answer on Tuesday, 2 June 2026. It was answered by Martin McCluskey (Labour) on Monday, 8 June 2026 on behalf of the Department for Energy Security and Net Zero.

Energy: Prices

Question

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to reduce the exposure of domestic energy bills to volatility in international wholesale gas markets.

Answer

The Government is going further and faster to protect domestic consumers from volatile gas prices. Firstly, we are accelerating the deployment of low-cost renewable electricity technologies to reduce our reliance on international fossil fuel markets.

Secondly, Government plans to offer legacy low-carbon generators – which provide around 30% of our power today – the option to move onto fixed price Contracts for Difference (CfDs). This will build on the success of existing CfDs for new build renewables, delinking electricity generation from volatile gas prices.

Finally, Government has raised the tax rate of the Electricity Generator Levy from 45% to 55% to limit revenues low-carbon generators can make due to gas price spikes.

Secondary information

Type
Written question
Reference
4635
Session
2026-27
Subjects
Housing Energy Prices Wholesale trade
Link
View this Written question on www.parliament.uk