Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an estimate of the potential amount of the Energy Bills Rebate announced on 3 February 2022 that will be written off within a five-year period.

The aim of the policy is to reduce energy bills for households in Great Britain in 22/23. The Government intends to recoup the costs of the discount in full, from domestic energy customers automatically (interest-free) over the next five years. This approach is fiscally responsible while also helping customers manage the unprecedented increase in energy bills by spreading the increased costs of global prices over time.

The Department for Business, Energy and Industrial Strategy (BEIS) will work closely with industry and consumer groups on how best to deliver this policy, including through a public consultation in the Spring.