Electricity and Natural Gas: Prices

(asked on 17th March 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of price variations in the cost of units of gas and electricity between low use and high use periods; and what assessment his Department has made of the effect of that matter on average domestic fuel bills.

Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 25th March 2022

The setting of tariff rates, including the price variation between peak and off-peak periods for time-of-use tariffs such as Economy 7 is a commercial matter for individual supply companies. Electricity-only households who are on their supplier’s default or standard variable tariffs are protected by the energy price cap. The price cap methodology used by Ofgem enables a separate rate to be set for households who heat their homes using electric storage heaters. These households will also receive £200 discount on their electricity bill this autumn, as part of the Government’s package of support worth £9.1 billion to help domestic energy customers with the cost of rising energy bills.

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