Written question asked by Lord Taylor of Warwick (Non-affiliated) on Wednesday, 21 February 2024, in the House of Lords. It was due for an answer on Wednesday, 6 March 2024. It was answered by Lord Callanan (Conservative) on Monday, 4 March 2024 on behalf of the Department for Energy Security and Net Zero.
Energy: Prices
- Question
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To ask His Majesty's Government what assessment they have made of Cornwall Insight’s forecast of a 15 per cent reduction in the household energy price cap in the second quarter of this year; and what steps they will take to further alleviate the financial burden on households.
- Answer
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The setting of the default tariff (price) cap is a matter for Ofgem.
On 23 February Ofgem confirmed the price cap is to be £1,690 for the second quarter of this year, which is a reduction of 12% on the previous quarter and the lowest level for two years. The Government has a package of targeted cost of living support for households and is increasing pensions and the national living wage.
Secondary information
- Type
- Written question
- Reference
- HL2687
- Session
- 2023-24
- Subjects
- Energy Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-03-04 13:02:49 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2023-24/HL2687
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2023-24/HL2687
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2023-24/HL2687