Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the implications for his policies of levels of energy prices in 2024.
Answered by Miatta Fahnbulleh
The Government believes the only way to protect consumers permanently is to speed up the transition towards homegrown clean energy. The creation of Great British Energy will help us harness clean energy and have less reliance on foreign volatile energy markets which affect the energy price cap.
We continue to monitor energy prices and the price cap and are working to ensure bills are affordable for consumers in the long-term, including through our work with Ofgem to reform standing charges, and through our Warm Homes Plan which will transform homes across the country by making them cheaper and cleaner to run.
In the short-term, we are continuing to deliver the Warm Home Discount which provides an annual £150 rebate off energy bills for eligible low-income households, and through our collaboration with Energy UK on the Winter 2024 Commitment, which promises £500 million of industry support to billpayers this winter.
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