House of Commons · Written Ministerial Statement
Energy Update
22 September 2022 · Department for Business, Energy and Industrial Strategy
Proposed by Jacob Rees-Mogg Con North East Somerset
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK Government announces the Energy Price Guarantee and the Energy Bill Relief Scheme to support households and businesses facing high energy prices.
- The measures include a Supported Wholesale Price that is less than half of expected winter wholesale prices.
- Energy suppliers will apply the scheme automatically, requiring no application from beneficiaries.
Issue summary
Mr Rees-Mogg is providing an update on the UK government's support measures for high energy prices.
Action requested
The Government has announced the Energy Price Guarantee and the Energy Bill Relief Scheme to offer financial assistance to households and businesses. The scheme will be automatically applied by energy suppliers, with no need for applicants to take action. It includes a Supported Wholesale Price that is less than half of expected winter wholesale prices.
Key facts
- The Energy Price Guarantee provides £2,500 annual support per typical household in Great Britain.
- Households will save an average of £1,000 annually on energy bills from October 2022 to March 2023.
- A Supported Wholesale Price has been set at £211 per MWh for electricity and £75 per MWh for gas.
- The Energy Bill Relief Scheme runs for 6 months from October 2022 until March 2023.