Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether his Department is taking steps to ensure energy companies allow business customers who agreed energy contracts in 2022 to renegotiate those contracts to reflect the lower wholesale prices now available.

The Government has implemented the Energy Bills Discount Scheme (EBDS) to take effect until April 2024. Businesses fixed into more costly long-term contracts are more likely to receive EBDS support due to how the baseline discount is calculated. Contract negotiations are ultimately a matter for suppliers and their customers, but the Government continues to work with Ofgem and energy suppliers to ensure they are doing all they can to support their customers.