Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if he will take steps to decouple (a) domestic and (b) commercial electricity prices from wholesale gas prices; and if he will make a statement.

As part of the Review of Electricity Market Arrangements (REMA) programme, the Government is considering a range of potential options to shield both domestic and non-domestic consumers from their impacts of potential future commodity price spikes and to ensure they benefit from lower cost renewables.

The CfD scheme already insulates consumers against electricity price spikes. Over time this scheme will reduce dependence on fossil fuelled power generation, lowering consumer exposure to gas prices.