House of Commons · Written Ministerial Statement
Contingencies Fund Advance – Energy Price Guarantee (Domestic)
30 November 2022 · Department for Business, Energy and Industrial Strategy
Proposed by Graham Stuart Con Beverley and Holderness
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Department for Business, Energy and Industrial Strategy intends to seek an advance of 3,531,500,000 from the Contingencies Fund to cover initial costs of the Energy Price Guarantee - Domestic Scheme.
- This funding will enable immediate expenditure on the scheme before Parliamentary approval is obtained.
- The advance will be repaid upon receiving Royal Assent to the related Supply and Appropriation Bill.
Issue summary
The statement addresses the Department for Business, Energy and Industrial Strategy's intention to seek an advance from the Contingencies Fund to cover initial costs of the Government’s Energy Price Guarantee – Domestic Scheme.
Action requested
An advance of £3,531,500,000 is requested from the Contingencies Fund to enable immediate expenditure on the scheme before Parliamentary approval. This funding will be repaid upon receiving Royal Assent to the related Supply and Appropriation Bill.
Key facts
- The amount requested for initial expenditure is £3,531,500,000.
- The funding is required urgently to support household energy bills.
- The cash advances will be repaid upon receiving Royal Assent to the related Supply and Appropriation Bill.