Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether his Department has set a financial target for the reduction of energy bills by 2030.

The Government is determined to cut bills as far and as fast as we can.

In October 2023, independent experts modelled the effect of a clean power system on electricity bills. Based on the latest renewable generation costs available at the time, they found electricity bills could be up to £300 cheaper by 2030 when compared with the cost of electricity in July-September 2023, which was higher than today’s levels.

The independent NESO set out pathways to a clean power system in 2030, and confirmed it was deliverable, more secure, and could see a lower cost of electricity, and lower bills.