Natural Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to help ensure that home gas suppliers charge reasonable renewal prices.
Answered by Martin McCluskey
Domestic energy consumers are protected by the energy price cap set by Ofgem, which limits the unit rates and standing charges that can be charged by energy suppliers, including limits on the profit that energy suppliers can make from default tariffs.
From 1 April until the end of June, the price cap has fallen by 7% or £117 to £1,641 per year for an average dual fuel customer paying by Direct Debit. The price cap for that period is fixed and will not change.
You can find more information on the impact of Government action here:
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