Oral Answers to Questions

Debate between Claire Coutinho and Elliot Colburn

Tuesday 27th February 2024 Commons Chamber

[Elliot Colburn (Carshalton and Wallington) (Con)]

20. What steps she is taking to provide support with energy bills.

[The Secretary of State for Energy Security and Net Zero (Claire Coutinho)]

Ofgem’s new price cap means that from April, the average bill is set to drop by £238. This shows that our plan is working: we have halved inflation and energy prices are at their lowest level in two years. Alongside that, we have taken the number of homes that are well insulated up from 14% in 2010 to 50% now. We have recently set out plans to help more customers access smarter energy tariffs, which could save them up to £900 a year.

--- Later in debate ---

[Elliot Colburn]

The fall in the energy price cap is certainly welcomed by Carshalton and Wallington residents, as is the support for households, but many small and medium-sized businesses in my constituency are still struggling to absorb higher costs. Will the Secretary of State outline in a bit more detail the support that those businesses can access to help with energy bills?

[Claire Coutinho]

I thank my hon. Friend for recently welcoming me to Carshalton and Wallington. Wholesale energy prices have fallen significantly since last winter, but we are committed to supporting businesses with their energy bills. Last winter alone, we delivered about £7.4 billion to support businesses, covering nearly half of many businesses’ wholesale energy costs. We are continuing the energy bills discount scheme to support eligible businesses with high energy costs until they can take advantage of lower wholesale prices.