Thank you for contacting me about social tariffs.
Putin’s illegal invasion of Ukraine led to unprecedented turmoil in global energy markets. I welcome that, following rapid increases in wholesale energy prices, the Government has taken action to protect consumers. To support vulnerable consumers, the Government is maintaining the Energy Price Guarantee (EPG). The EPG limits the amount that consumers can be charged per unit of gas or electricity. The current price guarantee, set at £3,000, will support households until April 2024. Although energy prices are currently below the level at which EPG payments would be made, it will remain in force until the end of March 2024 to protect households from price spikes, putting in place a safety net for the most vulnerable.
Continued on PDF...