Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government, further to the Written Answer by Lord Callanan on 17 November (HL3214), why they have no plans for a price cap on alternative fuel.
The markets for alternative fuels – including heating oil, coal, LPG, and biomass – contain a large range of suppliers not subject to the same regulation as electricity and gas suppliers. This means there is no single regulated standard price to modify by the imposition of a price cap.
The Government has doubled support to £200 for alternatively fuelled households, in recognition of the pressures caused by these rising fuel costs. The Government will continue to monitor the prices of alternative fuels and will consider further intervention if required to protect UK households from extraordinary fuel prices.