17:13 The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Amanda Solloway)

In the longer term, improving energy efficiency will be key to tackling fuel poverty, contributing to the long-term reduction of energy bills, and reaching net zero. In addition to the £6.6 billion allocated in this Parliament, £6 billion of new funding will be made available from 2025 to 2028.

The Government’s vision for the energy retail market is one that works better for consumers, is more resilient and investable, and supports the transformation of our energy system. Much remains to be done to deliver our vision. That is why we are pursuing further targeted reforms, which will set us on a path to unlocking competition, investment and innovation, and helping the energy market to achieve net zero while protecting the most vulnerable.

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