<-- Back to proposed bills
Contingencies Fund Advance – Energy Price Guarantee (Domestic)
30 November 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
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.
▸
Assessment & feedback
Summary accuracy