Natural Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, with reference to his Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what assessment he has made of the potential impact of that policy on levels of protection for households and businesses from future global gas price changes.
Answered by Michael Shanks
By offering eligible generators fixed price contracts, the Government will delink more electricity generation from volatile gas prices. This will help protect families and businesses from higher electricity bills when gas prices increase. The impacts on electricity customers will depend on the design of the policy, which is subject to further development and consultation. All impacts will be scrutinised and assessed as the policy develops, with contracts being offered only where they deliver clear value for money for the consumer.
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