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Written question asked by Lord Mackinlay of Richborough (Conservative) on Thursday, 23 July 2026, in the House of Lords. It was due for an answer on Thursday, 6 August 2026. It was answered by Baroness Curran (Labour) on Wednesday, 5 August 2026 on behalf of the Department for Energy Security and Net Zero.


Energy: Price Caps

Question

To ask His Majesty's Government what assessment they have made of the likelihood of a rise in the Ofgem price cap after 30 September; and what assessment they have made of the impact of such a rise.

Answer

The setting of the energy price cap is a matter for the independent market regulator Ofgem and the Government does not speculate on such matters.

Tackling affordability is this Government’s number one priority. For this reason, we have taken action to remove VAT from electricity bills from 1 October this year for six months. We also acted at last year’s Budget by taking on average £150 of costs off energy bills, with those decisions now factored into bills for the years to come.

The Government continues to monitor energy prices closely and recognises the impact that changes in bills can have on households.


Secondary information

Type
Written question
Reference
HL2709
Session
2026-27
Registered interest declared
Yes
Subjects
Energy Price caps
Link
View this Written question on www.parliament.uk