Energy: Finance

(asked on 1st November 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask His Majesty's Government how much money was spent both commercially and domestically on energy in the UK in (1) 2019, (2) 2020, and (3) 2021; and what assessment they have made of the expected expenditure on energy in (a) 2022, and (b) in each subsequent year to 2030.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 15th November 2022

The value of expenditure on all UK energy, by sector, for 2019, 2020 and 2021, is published as part of the Digest of UK Energy Statistics (DUKES) value balances.

Statistics on energy expenditure for 2022 will be published in July 2023 and will reflect the support government has announced for both non-domestic and domestic energy consumers over the winter. For example, the Energy Price Guarantee will save the typical household around £700 on its energy bill over six months to March 2023.

Over the longer-term, policies to improve energy efficiency and increase low carbon energy supply will help to reduce both the amount of energy consumed and exposure to volatile international fossil fuel prices.

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