Natural Gas: Prices

(asked on 9th March 2022) - View Source

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

To ask Her Majesty's Government what assessment they have made of the impact of rising global gas prices on achieving their Net Zero targets; and what steps they will take to mitigate this impact.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd March 2022

The energy transition is not only an issue of decarbonisation, it is also an issue of national security. The Government’s strategy to generate more low-carbon energy in the UK will reduce reliance on imported gas, shield consumers from volatile international fossil fuel markets, and provide new opportunities to level up the economy and drive job creation.

By accelerating the deployment of cheap renewable power, and rolling out further energy efficiency measures, the Government’s decarbonisation policies will help household energy bills by ensuring that consumers are less exposed to international fossil fuel prices while driving progress towards its Net Zero targets.

As the Government produces more domestically sourced energy, families will be much better protected from energy price spikes caused by volatile international fossil fuel markets. At the same time, by getting ahead of the curve in driving down the costs of the latest clean technology, more consumers will enjoy more efficient cars and heating systems sooner.

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