To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the level of energy costs on businesses.

The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect billpayers permanently.

The creation of Great British Energy will help us to harness clean energy with less reliance on volatile international energy markets and help in our commitment to make Britain a clean energy superpower by 2030.

In the short-term, the Government wants to provide businesses with better protection from being locked into unfair and expensive energy contracts, and more redress when they have a complaint. Many businesses secure their energy contracts through Third-Party Intermediaries, such as energy brokers. Last year, the Government launched a consultation on introducing regulation of TPIs. This is aimed at enhancing consumer protections including to prevent opaque contracting practices or mis-selling, particularly for non-domestic consumers. a Government response will follow in due course once all feedback has been reviewed.

From 19 December 2024 Small and Medium Enterprises (SMEs) with fewer than 50 employees can now access free support to resolve issues with their energy supplier through the Energy Ombudsman. This means that 99% of British businesses can now access this service with outcomes ranging up to £20,000 in financial awards.