Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Cost Control Framework on industrial energy costs.

The Cost Control Framework will help bear down on industrial energy costs by putting greater discipline around future costs being placed onto bills.

There will be no new policy costs on bills until the government introduces a new comprehensive Cost Control Framework at Spending Review 2027 that will set budgets for components of energy costs, including policy cost, supporting the Government’s wider commitment to bring down energy costs. This has already led the Government to drop plans to introduce the Gas Shipper Obligation from 2027.