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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Wednesday, 3 May 2023, in the House of Lords. It was due for an answer on Thursday, 18 May 2023. It was answered by Lord Callanan (Conservative) on Wednesday, 17 May 2023 on behalf of the Department for Energy Security and Net Zero.


Energy: Prices

Question

To ask His Majesty's Government what steps they are taking to provide additional support to households struggling with high energy costs.

Answer

As announced in the Spring Budget, the Energy Price Guarantee has been extended at £2,500 to the end of June. By the end of June, the Energy Price Guarantee will have saved a typical household in Great Britain around £1,100 since the scheme began in October, compared to what they would have been paying under the price cap alone.

As set out in the Autumn Statement 2022, the Government is developing a new approach to consumer protection in energy markets, which will apply from April 2024 onwards.

The Government has committed to work with consumer groups and industry to consider the best approach.


Secondary information

Type
Written question
Reference
HL7662
Session
2022-23
Subjects
Energy Households Government assistance Prices
Link
View this Written question on www.parliament.uk