Energy: Prices

(asked on 5th February 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment she has made of the impact of different levies for gas and electricity on heating bills.


Answered by
Amanda Solloway Portrait
Amanda Solloway
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 12th February 2024

Several crucial environmental and social policy costs are funded ('levied') through consumer bills to reduce the burden on the taxpayer. These schemes are vital to developing domestic sources of low-carbon electricity to reduce our exposure to volatile global fossil fuel markets and protect consumers in the long term.

A list of the current schemes that are funded through households and business energy bills is on the Ofgem website. https://www.ofgem.gov.uk/environmental-and-social-schemes

For households on default tariffs, Ofgem's published methodology for the price cap sets out how these costs should be passed to consumers, for instance the split between electricity and gas. https://www.ofgem.gov.uk/energy-price-cap

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