Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what recent assessment his Department has made of the potential impact of the transition to clean energy on (a) businesses and (b) consumer energy bills.

The Government believes that the only way to guarantee our energy security and protect billpayers permanently is to speed up the transition away from fossil fuels and towards homegrown clean energy. The creation of Great British Energy will help us to harness clean energy and take back control of our energy security.

A renewables-led system is the cheapest foundation for a decarbonised grid, and scaling up home-grown renewables reduces the UK’s exposure to volatile global fossil fuel prices, which protects consumer energy bills against future price shocks of the kind which helped drive increases in the electricity price cap of over £1,300 for a typical household during Winter 2022/23.