Written question asked by Lord Rooker (Labour) on Tuesday, 9 June 2026, in the House of Lords. It was due for an answer on Tuesday, 23 June 2026. It was answered by Lord Whitehead (Labour) on Tuesday, 23 June 2026 on behalf of the Department for Energy Security and Net Zero.
Electricity and Natural Gas: Prices
- Question
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To ask His Majesty's Government when they expect to break the link between electricity bills and volatile international gas prices.
- Answer
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Government is already breaking the link between wholesale gas prices and consumer bills by accelerating the deployment of low-cost renewable electricity technologies to reduce our reliance on international fossil fuel markets.
Furthermore, Government plans to offer legacy low-carbon generators the option to move onto fixed price contracts, known as Contracts for Difference (CfDs). We will consult this year and intend to run an allocation process in 2027 to award such contracts.
Finally, Government has acted to tax excess profits by raising the rate of the Electricity Generator Levy from 45% to 55%, ensuring a proportion of any exceptional revenues is available to Government to support households with their cost of living.
Secondary information
- Type
- Written question
- Reference
- HL790
- Session
- 2026-27
- Subjects
- Electricity Natural gas Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-06-23 17:05:26 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2026-27/HL790
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