Energy and Standing Charges: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to help reduce (a) energy prices and (b) standing charge fees.
Answered by Miatta Fahnbulleh
The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently.
The creation of Great British Energy will help us to harness clean energy and reduce our reliance on volatile international energy markets as part of our commitment to make Britain a clean energy superpower by 2030. Our Warm Homes Plan will transform homes across the country by making them cleaner and cheaper to run.
We know that too much of the burden of the bill is placed on standing charges. We are committed to lowering the cost of standing charges and have worked constructively with the regulator, Ofgem, on this issue.
In February, Ofgem launched a consultation ‘Introducing a zero standing charge energy price cap variant’ - https://www.ofgem.gov.uk/consultation/introducing-zero-standing-charge-energy-price-cap-variant. Under these proposals, consumers would have the option of tariffs with a zero standing charge within the price cap.
The consultation closed on 20 March and we stand ready to continue work with Ofgem on this matter.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →