Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has plans to remove environmental levies on domestic energy in response to increasing energy costs.
Environmental and social policy costs represent around 12% of the average dual energy bill, however over the past 10 years their net effect has been to reduce consumer energy bills. Investment in renewables and energy efficiency has reduced UK demand for natural gas by 26% since 2010. This has helped reduce our exposure to global price volatility.
While the majority of these costs represent contractual obligations to fund previous investments in renewables, we need to ensure our green policies are fit for the future, and Government keeps all costs on bills under review.