PARLIAMENTARY WRITTEN QUESTION
Energy: Price Caps (10 October 2022)

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential impact of the energy price cap on (a) cost incentives and (b) carbon emissions arising from the use of storage heaters.

Asked by:
Esther McVey (Conservative)

The Energy Price Guarantee scheme, which the Government implemented on the 1^st October, reduces the cost of electricity and gas meaning that consumers can expect to pay well below the price cap figure of £3,549 for a typical dual fuel household.

The EPG does not incentivise increased energy use. Even with the EPG in place energy prices remain significantly above historic levels, incentivising consumers to use energy prudently. The Department will closely monitor the impact of prices on consumption over the months ahead and is actively considering how storage heaters are affected by the guarantee.

Answered by:
Graham Stuart (Conservative)
20 October 2022