Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of removing all social and environmental levies from electricity bills.
The reductions in electricity prices announced at the Budget, particularly the reduction in the Renewables Obligation, are a significant step forward in our ambition to reduce electricity bills. As stated, we intend to set out more detail in our Warm Homes Plan as to how we can further target the savings announced in this Budget at electricity bills, including those from ending the ECO scheme.
The Budget also delivers on the major principle that we should fund more of the investment we need in our energy system through public expenditure rather than levies, moving £7bn into public expenditure. We are delivering the biggest public investment in home energy efficiency ever, increasing the settlement we received at the Spending Review.
We will subject new levies to enhanced scrutiny and ensure they represent value for money and do not impose unnecessary costs on households and businesses.