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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 26 March 2024, in the House of Lords. It was due for an answer on Thursday, 11 April 2024. It was answered by Lord Callanan (Conservative) on Monday, 8 April 2024 on behalf of the Department for Energy Security and Net Zero.


Energy: Prices

Question

To ask His Majesty's Government what support they intend to provide to households to adapt to changes in energy prices.

Answer

Energy prices have fallen significantly since winter 2022-23, and the Quarter 2 2024 price cap of £1,690 has fallen by nearly 60% since the Quarter 1 2023 price cap peak. Despite this, the Government has committed to supporting households in 2024-25, with a further cut to National Insurance contributions down to 8%, an increase to benefits of 6.7%, and the largest increase to the National Living Wage.

The Warm Home Discount continues to provide a £150 rebate off energy bills for eligible low-income households until 2025-26.


Secondary information

Type
Written question
Reference
HL3644
Session
2023-24
Subjects
Energy Government assistance Prices
Link
View this Written question on www.parliament.uk