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Energy: Prices

Question for Department for Business, Energy and Industrial Strategy

UIN 134412, tabled on 4 March 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to mitigate the impact on household budgets of the OFGEM energy price cap announcement due to take effect in October 2022.

Answered on

14 March 2022

The Government is in regular contact with Ofgem and industry to discuss the impact of unprecedented global gas prices and the Government will continue to monitor the situation closely.

The Government are already taking action to support households with rising energy bills. The Chancellor of the Exchequer has announced a package of support worth £9.1 billion in 2022-23. This includes a £200 rebate for households delivered via their energy bill this autumn, a £150 non-repayable reduction in Council Tax bills for all households in Bands A-D in England and £144 million of discretionary funding for Local Authorities to support households who need support but are not eligible for the Council Tax reduction.

This is in addition to the support Government will continue to provide through the Warm Home Discount Scheme, which this winter is providing over 2 million households a £140 rebate off their energy bill. The Government has also announced that it would be increasing to £150 and help an extra 780,000 households next winter. Further, Winter Fuel Payments and Cold Weather Payments help ensure the most vulnerable are better able to heat their homes over the colder months.