Energy: Prices

(asked on 10th March 2026) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what recent assessment has he made of the potential impact of recent oil price rises on household energy prices in the UK over the next six months.


Answered by
Martin McCluskey Portrait
Martin McCluskey
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 18th March 2026

The Government recognises that families and businesses across the country will see the recent global events and once again be concerned about the impact on their energy bills. We continue to monitor the situation closely and we are looking at what further support may be needed.

Changes announced at the Autumn Budget ensure that from April until the end of June, the energy price cap will fall by 7% or £117 per year. The price cap for that period is fixed and will not change.

Households with bigger bills could save more, particularly those with electric heating, many of whom are on lower incomes. We are also ensuring that those on fixed tariffs are supported, with suppliers confirming they will be passing on the savings to customers who have chosen to fix their rates off the price cap.

This action follows the decision to expand the Warm Home Discount this winter, which will see around six million households receive an additional £150 off their energy bills.

Reticulating Splines