Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government how many levies are currently charged, directly or indirectly, to domestic energy consumers as a result of environmental or net-zero policies; and what is each levy expected to cost consumers in the current financial year.
The Renewables Obligation, Feed-in Tariff scheme, CfDs, Green Gas Levy and Nuclear RAB fund investment into home grown clean energy and account for 5% of the current price cap for a typical dual-fuel household.
Independent research that confirms that renewables can drive down electricity prices, already having reduced wholesale electricity prices by up to a quarter - or around £25/MWh - in 2024.
Over this parliament, we are working relentlessly to translate the much cheaper wholesale costs of clean power into lower bills for consumers: the transfer of the RO costs to public expenditure is a significant step towards rebalancing levies away from electricity.
The actions we took at the Budget, which has taken an average £150 of costs off energy bills, is now factored into bills for the years to come.