Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what steps they are taking to introduce an energy price guarantee for the average household to replace Ofgem’s energy price cap.

As announced in the Spring Budget, the Energy Price Guarantee has been extended at £2,500 for an additional three months from April to the end of June. Current projections expect Ofgem's Price Cap to fall below the Government's Energy Price Guarantee from 1st July, meaning that households will pay the lower rate set by the Price Cap.

We intend to consult in Summer 2023 on options for a new approach to consumer protection in the energy markets from April 2024 onwards.