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Energy: Prices

Question for Department for Business, Energy and Industrial Strategy

UIN 102626, tabled on 12 January 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the effect of the increases in electricity and gas prices on consumers; and what steps he is taking to help protect consumers potentially at financial risk due to energy price increases.

Answered on

20 January 2022

The Government is monitoring the significant increases in wholesale energy prices closely, and meeting regularly with Ofgem, suppliers and consumer groups to understand the future impact on consumers as well as to discuss potential mitigations.

The Government is committed to protecting energy customers, especially the most vulnerable. The Energy Price Cap will continue to protect consumers, ensuring they pay a fair price for their energy this winter. Low income and fuel poor households will continue to be supported with their energy bills through the Warm Home Discount, which provides eligible households with a £140 discount. Winter Fuel Payments and Cold Weather Payments will ensure that the most vulnerable are better able to heat their homes through the winter. Additionally, the Government announced an additional £500 million for local authorities through the new Household Support Fund to support vulnerable households meet daily needs such as utility bills.