Second Delegated Legislation Committee
1 September 2026
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Second Delegated Legislation Committee Actual start House of Commons
15:27 - 15:37
Speaker 1
The draft Energy Prices Act 2022 (Extension of Time Limit) (No. 2) Regulations 2024. I call the Minister to move the motion.
15:37 - 16:45
Speaker 2
I beg to move. That the Committee has considered the draft Energy Prices Act 2022 (Extension of Time Limit) (No. 2) Regulations. It's a pleasure to serve under your chairmanship, Sir Desmond Swayne. The Government acted in the Autumn Budget to reduce energy costs to benefit all households with a domestic energy contract.
We did that by closing the energy company obligation scheme to new costs on bills and by moving 75% of the domestic costs of the renewables obligation to the exchequer. Those decisions are already making a real difference. From April 2026, they took an average of £150 of costs off household energy bills and they continue to keep bills lower than they would otherwise be. The renewables obligation exists to support renewable electricity generation through a system of tradable certificates. The scheme is closed to new applications and the first generators will come off the scheme from April 2027.
The scheme will finally close in 2037. The scheme has been instrumental in building the UK's renewable energy sector.
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