Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what steps they are taking to mitigate the rise of the Energy Price Guarantee (EPG); and whether they will meet these costs by increasing the energy price levy.

The Energy Price Guarantee will continue to support households from April 2023 by limiting the amount suppliers can charge per unit of energy used. Whilst the level of the EPG remains below the Ofgem price cap, the EPG will continue to save households money from their energy bills compared to the undiscounted prices that consumers would pay under Ofgem’s Price Cap. This new approach will cost the taxpayer significantly less than planned and will help to ensure fiscal sustainability, whilst targeting support to those most in need.

There are currently no plans to increase the Energy Profits Levy, announced in May 2022.