Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the cost to the public purse of the Energy Price Guarantee for financial year 2022-2023.

On 3rd February, the Department published expenditure figures for the Energy Price Guarantee. As of 29th December 2022, GB and NI EPG expenditure totalled £6.97 billion.

The Office for Budget Responsibility’s current forecasted expenditure of the EPG for the financial year 2022/23, as published in November 2022, is £24.8 billion. The OBR will be publishing updated figures on 15th March, with updated forecasts expected to be lower than published in the Autumn Statement.