Energy prices are now at their lowest level for two years, with a typical bill set to drop by £238 by April. Our cost of living package totals over £104 billion, or £3,700 per household on average, over 2022 to 2025. We are supporting those most in need, with millions of vulnerable households receiving up to £900 in cost of living payments.
Some of us believe in preventative spending. A House of Commons Library briefing last year estimated that the annual cost to the national health service of treating illnesses associated with living in cold or damp housing is £1.4 billion. When wider societal costs are considered, that figure rises to £15.4 billion. Will the Secretary of State confirm whether the introduction of a social energy tariff would cost less than £15.4 billion?
A social tariff means lots of things to different people, but we are supporting vulnerable people with the cost of their energy bills. We supported them last winter, paying on average a half of everybody’s energy bills, and we have made additional payments of £900 to support people. Since 2010, we have increased the proportion of homes that are energy-efficient and insulated to 50%, up from 14%.
I call Chris Law—not here.
On energy tariffs, what assessment has the Secretary of State made of the merits of providing residents who are local to energy and nuclear plants with discounts on their energy bills?
I thank my hon. Friend for her doughty campaigning for nuclear—she is our very own atomic kitten. We are very positive about nuclear and have set out plans for the largest expansion of nuclear for 70 years. Overall that will be a good thing for people’s energy bills and the energy security of this country.