News story

Report into energy prices, profits and fuel poverty

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Edward Davey's response to the Energy and Climate Change (ECC) Committee’s report into energy prices, profits and fuel poverty

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“We are doing all we can to help consumers keep their energy bills down and reduce the number of people in fuel poverty.

“We are using the Energy Bill to ensure that all households will be able get the best deal for their gas and electricity as soon as possible. This means getting people off poor-value dead tariffs, cutting the number of tariffs and giving consumers clear personalised information on their bills so they can compare and switch supplier.

“Our policies to support renewable energy and reduce energy waste are insulating consumers from the rising cost of fossil fuels. And by 2020, our analysis shows household energy bills will on average be £166 lower than they would be if we did nothing.

“We have amended the Energy Bill so that there will be a new fuel poverty target and strategy focused on those fuel poor households who most need support. Our new target will focus on improving energy efficiency for fuel poor households.

“We are already taking concrete action to help those who need it most. The new Energy Company Obligation has already helped install energy efficiency measures in over 100,000 households. We will help 230,000 low income and vulnerable households each year under this scheme. This coming winter, two million households will get help under the Warm Home Discount, including well over a million of the poorest pensioners who will receive £135 off their bill.”

Published 29 July 2013