Energy Prices Debate
Full Debate: Read Full DebateLord Dodds of Duncairn
Main Page: Lord Dodds of Duncairn (Democratic Unionist Party - Life peer)Department Debates - View all Lord Dodds of Duncairn's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 7 months ago)
Lords ChamberTo ask Her Majesty’s Government what assessment they have made of the impact of rising energy prices on the most vulnerable people in society, and the most effective means of helping them.
My Lords, the largest element of gas and electricity bills, which is wholesale costs, has increased significantly. The Government are committed to protecting customers, especially the most vulnerable. Households will continue to be protected through the winter by the price cap and through the warm home discount, winter fuel payment and cold weather payment schemes. A new £500 million household support fund has also been made available to councils to help the most in need over the winter.
My Lords, I thank the Minister for his Answer. We are looking at extraordinarily steep increases in energy prices over a relatively short period, coming on top of already big increases. This is causing real fear and anxiety among vulnerable people, especially the elderly, about the financial severity and hardship to come. So can the Minister go further today and announce new measures that will deal with the immediate crisis that people are facing, especially in the context of other cost-of-living pressures which are coming the way of hard-pressed families and individuals?
I totally understand the point that the noble Lord makes. Unfortunately, I am not in a position today to announce further measures, but I can tell him that we are actively engaging with stakeholders and energy companies. The Prime Minister and the Chancellor are in urgent discussions and we hope to announce some action shortly.