A Bill to prohibit Ofgem from increasing the energy tariff cap above the level set for the period 1 April 2022 to 30 September 2022 before 31 December 2022; to require the Secretary of State to report to Parliament on the merits of the Government providing funding to energy providers to mitigate the impact of this measure and on the merits of extending and backdating the Energy Profits Levy in order to pay for such funding; to require the Secretary of State to report to Parliament on the merits of the Government providing grants to small businesses equivalent to 80% of the expected increase in their energy costs for the period 1 October 2022 to 30 September 2023, and on the merits of maintaining the rate of the Corporation Tax Surcharge on banks at 8% in order to fund such grants; and for connected purposes.
The Bill would stop Ofgem from increasing the energy price cap above the April 2022–September 2022 level until at least 31 December 2022. It also requires the Government to report on funding options to ease energy costs—such as extending and backdating the Energy Profits Levy—and to consider grants for small businesses to cover most of their expected energy cost increases, funded by measures like the 8% bank surcharge.
The Bill is at its first reading in the House of Commons, meaning it has just been introduced and has not yet been debated in detail.
Generated 21 February 2026
The 2022-2023 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
