Changes announced to energy support packages
The Chancellor of the Exchequer has announced today that the Energy Price Guarantee (which had been scheduled to last for two years) will now be limited to 6 months.
He has announced a review to look at what support will be applied after April 2023 – signalling a ‘new approach’ was required, targeting those most in need.
Until then, the price guarantee (the ‘cap’) remains in place, which means that for a typical household, an annual bill will be around £2,500. For those who use more energy, the bill will be higher because it is the unit cost of energy that is capped – not the overall bill.
Similarly for those using less energy, the bill will be less.
The £400 grant being paid in 6 monthly instalments from October 2022 remains in place.
If you’re worried about your energy bill this winter – please don’t worry alone. Call us for free on 0800 988 2881 to find out more about how we can help you.
We can help with:
- Energy efficiency to to reduce bills
- Grants and funding for energy efficiency measures
- Grants for broken heating systems
- Help with fuel bills and energy debt
- Billing issues with your supplier