Commons Sense

House of Commons · Written Ministerial Statement

Energy Update

08 September 2022 · Department for Business, Energy and Industrial Strategy

Proposed by Jacob Rees-Mogg Con North East Somerset

Energy

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • UK government implementing Energy Price Guarantee to protect households from rising energy costs
  • From October 1st, typical household will pay no more than 2500 per year for gas and electricity for two years
  • Guarantee includes suspension of green levies and builds on existing 400 Energy Bill Support Scheme

Issue summary

The UK government is implementing the Energy Price Guarantee to protect households from rising energy costs.

Action requested

From October 1st, a typical household will pay no more than £2500 per year for gas and electricity for the next two years. This guarantee includes suspending green levies and adds to an existing £400 Energy Bill Support Scheme.

Key facts

  • The Energy Price Guarantee applies from October 1st, 2022.
  • A typical household will pay no more than £2500 per year for gas and electricity use for the next two years.
  • This guarantee saves a typical household £1000 annually.
  • The scheme includes an existing £400 Energy Bill Support Scheme.
  • The new guarantee applies to households in Great Britain and Northern Ireland.
  • The Chancellor of the Exchequer will outline the expected costs later this month.
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