Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what plans they have to cut energy bills for households by up to £300 by 2030.
Tackling affordability is this government’s number one priority.
As recently announced by the new Prime Minister and Chancellor, the government will conduct a tax cut to remove VAT from domestic electricity bills from October 1, in time to impact the next Ofgem price cap. Cutting VAT on electricity bills is expected to take around £45 off the yearly Ofgem price cap in October. This immediate action applies and is funded for this financial year.
This is on top of the £150 removed from bills at the last Budget – a decision which is now factored into bills for the years to come.
In addition, around 6 million families are benefitting from the expansion of the £150 Warm Home Discount.
Any further action, including on funding for longer-term measures, will be taken at the Budget.