Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to protect consumers from the impact of the recent increase in the energy price cap; and whether his Department plans to take steps to ensure that utility companies reflect falls in wholesale prices in consumer energy costs.
Answered by Miatta Fahnbulleh
The energy price cap will rise for the period 1 April to 30 June 2025 due to an increase in international gas prices.
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 to harness clean energy and have less reliance on volatile international energy markets and help in our commitment to make Britain a clean energy superpower by 2030.
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 upgrade millions of homes to make them warmer and cheaper to run.
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