1-20 of 26 results for subject:Prices
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Lords debate on plans for parliamentary scrutiny of the energy crisis and the Government's proposals to tackle it.
Lords debate on plans for parliamentary scrutiny of the energy crisis and the Government's proposals to tackle it.
To ask Her Majesty's Government what estimate they have made of the number of private renters who pay (1) energy bills, and (2) council tax, as part of their rent.
To ask Her Majesty's Government what estimate they have made of the number of private renters who pay (1) energy bills, and (2) council tax, as part of their rent.
The English Housing Survey provides information on the number of private renting households who pay energy bills or council tax as part of their rent. In 2021, 162,000 households, or 3.7% of private renting households, pay their electricity bills as part of their rent; 131,000 households (3%) pay their gas bills as part of their rent; and 120,000 households (2.8%) have their council tax included as part of their rent.
To ask Her Majesty's Government what price petrol and diesel would need to reach in order to prompt them to further cut fuel duty.
To ask Her Majesty's Government what price petrol and diesel would need to reach in order to prompt them to further cut fuel duty.
The temporary 12-month cut to duty on petrol and diesel of 5p per litre represents a £2.4 billion tax cut in 2022-23.
All taxes, including fuel duty, remain under review.
To ask Her Majesty's Government, further to recent decisions by the Organisation of the Petroleum Exporting Countries and the current wholesale cost of fuel, what assessment they have made of the cost of fuel at petrol stations in the UK.
To ask Her Majesty's Government, further to recent decisions by the Organisation of the Petroleum Exporting Countries and the current wholesale cost of fuel, what assessment they have made of the cost of fuel at petrol stations in the UK.
Her Majesty’s Government monitors the national average retail prices of fuels and these are published on GOV.UK.
BEIS analysis shows that changes in the price of crude oil are the main driver of movements in the national average retail prices of fuels such a petrol and diesel. Other factors include currency exchange rates and the balance of supply and demand for these fuels in the wholesale petroleum products markets. Changes in the price of crude oil feed through to the retail prices over the course of about 6 weeks.
The Government believes that a competitive market is the best way to keep prices low. Retail fuels markets are subject to UK competition law under the Competition and Markets Authority (CMA).
To ask Her Majesty's Government what assessment they have made of the reasons for the fall in the price of gold over the last six months.
To ask Her Majesty's Government what assessment they have made of the reasons for the fall in the price of gold over the last six months.
Her Majesty’s Government does not comment on movements in financial markets, including the price of gold.
To ask Her Majesty’s Government what impact they expect the recent fall in the value of sterling to have on imported consumer goods.
To ask Her Majesty’s Government what impact they expect the recent fall in the value of sterling to have on imported consumer goods.
Before the referendum on the UK’s membership of the EU, the UK government published short-term and long-term assessments of the likely impact on the UK economy from leaving the EU, including the effects of sterling revaluation. HM Government is monitoring economic developments closely and the independent Office for Budget Responsibility will produce an updated economic forecast alongside Autumn Statement 2016.
To ask Her Majesty’s Government what assessment they have made of the number of new properties being built, and of the effect that that number is having on house prices.
To ask Her Majesty’s Government what assessment they have made of the number of new properties being built, and of the effect that that number is having on house prices.
Statistics on new build housing starts and completions in England are published on the Department's website at: https://www.gov.uk/government/statistics/house-building-in-england-july-to-september-2015. The latest figures for July to September 2015 are attached.
House prices are determined by the interaction between demand for homes and supply of homes and the latter is determined in large part by the sale of existing properties. As such, there is no simple relationship between house prices and the number of new properties being built.
Tabled by
Lord Kennedy of Southwark
To ask Her Majesty’s Government what estimate they have made of the impact of recent energy price rises on local authorities in financial years 2015-16 and 2016-17, compared to a price freeze.
Tabled by
Lord Kennedy of Southwark
To ask Her Majesty’s Government what estimate they have made of the impact of recent energy price rises on local authorities in financial years 2015-16 and 2016-17, compared to a price freeze.
My Lords, the Government are helping local authorities with their energy bills. The Salix Finance public sector energy efficiency loan scheme provides interest free loans to public sector organisations, including local authorities in England, Scotland and Wales. Last week we announced an additional £90 million of funding to help improve the energy efficiency of public sector buildings. The Government Procurement Service purchases energy on behalf of many public sector organisations, including local authorities, resulting in lower energy costs for the public sector.
To ask Her Majesty’s Government what assessment they have made of the charges paid for energy by consumers who use pre-paid meters.[HL2876]
To ask Her Majesty’s Government what assessment they have made of the charges paid for energy by consumers who use pre-paid meters.[HL2876]
Since 2010, prepayment meter customers have been offered the same prices by large suppliers as customers paying on standard credit.
To ask Her Majesty’s Government what is their assessment of the energy price freezes put in place by npower, EDF and Scottish Power.[HL2726]
To ask Her Majesty’s Government what is their assessment of the energy price freezes put in place by npower, EDF and Scottish Power.[HL2726]
We welcome competitive energy tariffs from all energy companies. Fixed price tariffs offer customers certainty over the per unit price they pay over a certain period, although they may not be the cheapest tariff on the market.
To ask Her Majesty’s Government what is their assessment of the correlation between wholesale energy prices and the price paid by consumers.[HL2727]
To ask Her Majesty’s Government what is their assessment of the correlation between wholesale energy prices and the price paid by consumers.[HL2727]
Wholesale energy prices make up around half a typical household dual fuel bill and are estimated to have contributed at least 60% of the increase in household energy bills between 2010 and 2012.
Retail energy prices are also influenced by a number of other factors including transmission, distribution and metering costs, costs of delivering social and environmental obligations and other supplier operating costs, margins and VAT. Suppliers will take account of all of these costs when setting prices.
Does the noble Viscount not realise that we have a cost of living crisis in this country? Can he tell the House why the Government are not doing more to ensure that consumers are properly informed of the cost of everyday essentials?
Does the noble Viscount not realise that we have a cost of living crisis in this country? Can he tell the House why the Government are not doing more to ensure that consumers are properly informed of the cost of everyday essentials?
I should reassure the noble Lord that we are doing much. Since the working group in May, BIS has continued to engage with supermarkets to explore where further improvements can be made, and has agreed to work with supermarkets to identify barriers to doing this. We are aware that there is a bite on household spending and we are doing as much as we can to deal with that.
To ask Her Majesty’s Government what discussions they have had with the major supermarkets on delivering simple and clear pricing for consumers.
To ask Her Majesty’s Government what discussions they have had with the major supermarkets on delivering simple and clear pricing for consumers.
The Government agree that supermarket prices should be clear so that consumers can make informed choices. The Minister for Employment Relations and Consumer Affairs held a working group meeting with the supermarkets in May to discuss unit pricing and clarity of shelf-edge labels. We are working closely with the supermarkets and look forward to their continued positive engagement to make improvements that help consumers compare pricing information.
To ask Her Majesty’s Government how recent energy price increases have affected Big Energy Saving Week.[HL2643]
To ask Her Majesty’s Government how recent energy price increases have affected Big Energy Saving Week.[HL2643]
The aim of Big Energy Saving Week is to publicise and put people in touch with sources of help that can reduce their energy bills.
Key messages are that people can save money on their bills by taking advantage of free and subsidised insulation offered by the large energy companies and by switching to the cheapest tariffs. The recent energy price increases have highlighted the importance of this campaign and its messages.
Whenever energy companies announce their price hikes they always blame wholesale price increases. However, when wholesale prices fall, customers rarely see their bills fall. When are the Government going to stand up for hard-working families, the grafters and people struggling to make ends meet who are suffering at the hands of these companies?
Whenever energy companies announce their price hikes they always blame wholesale price increases. However, when wholesale prices fall, customers rarely see their bills fall. When are the Government going to stand up for hard-working families, the grafters and people struggling to make ends meet who are suffering at the hands of these companies?
My Lords, this Government do stand up for hard-working families, the grafters and the strivers. What we cannot do, of course, is tell big energy companies what prices they should set. Artificially reducing retail prices to levels below competitive levels would be unsustainable and discourage investment in new infrastructure. We need to make sure that energy companies are doing more by making them make their bills easier for consumers to understand and, where they can, by directing consumers to cheaper tariffs.
To ask Her Majesty’s Government, in the light of the announcement of price rises by British Gas, what action they will take to protect consumers from rising energy costs.
To ask Her Majesty’s Government, in the light of the announcement of price rises by British Gas, what action they will take to protect consumers from rising energy costs.
My Lords, protecting consumers from rising energy costs is a priority for this Government. Programmes such as the Carbon Emissions Reduction Target, Warm Front, Green Deal and the Energy Company Obligation make or will make homes more energy efficient. The Warm Home discount provides £1.1 billion of support until 2015 and helps around 2 million low-income and vulnerable households. The Government have also instigated the Big Energy Saving Week, to be held the week of 22 October, when there will be up to 400 events across the country providing direct advice on reducing energy bills.
To ask Her Majesty's Government what action they are taking to tackle unfair energy tariffs.
To ask Her Majesty's Government what action they are taking to tackle unfair energy tariffs.
To ask Her Majesty's Government what is their assessment of the reasons for the increase in the price of a barrel of Brent crude oil from the end of 2011 to the current price and the implications for the United Kingdom economy.
To ask Her Majesty's Government what is their assessment of the reasons for the increase in the price of a barrel of Brent crude oil from the end of 2011 to the current price and the implications for the United Kingdom economy.
To ask Her Majesty’s Government what action they are taking to make it easier for consumers to make an informed choice when deciding whether or not to switch energy suppliers.
To ask Her Majesty’s Government what action they are taking to make it easier for consumers to make an informed choice when deciding whether or not to switch energy suppliers.
To ask Her Majesty’s Government what discussions they have had with the devolved Administrations on the subject of fuel poverty and the prices charged by the energy companies to consumers.
To ask Her Majesty’s Government what discussions they have had with the devolved Administrations on the subject of fuel poverty and the prices charged by the energy companies to consumers.