The UK Government has announced that it will cap energy bills at £2,500 a year for the next two years. From 1 October, a new ‘Energy Price Guarantee’ will mean a typical UK household will now pay no more than an average of £2,500 a year on their energy bill for the next two years.
Based on current energy prices, this will save the average household £1,000 a year.
Additionally, a £400 grant for every household, paid in 6 instalments from October. 8 million of the poorest households will get a total of £1200, of which £326 was received in July with a second instalment in Autumn, with the £400 grant paid in instalments as mentioned.
IF ON A PRE-PAYMENT METER: you get the £400 grant, plus redeemable vouchers OR automatic credit at your top-up point. You should have received information on this from your energy supplier, if not you should contact them directly.
IF OFF THE GRID: You will receive the £400 grant, plus the UK Government is ensuring your local supplier (e.g the park owner) passes additional support on to you.
The UK Government have announced a cap on wholesale energy prices, which will halve businesses’ predicted energy bills this winter.
This includes all UK businesses, the voluntary sector and the public sector, including schools and hospitals.
It will apply to fixed contracts agreed on or after 1 April 2022, as well as to deemed, variable and flexible tariffs and contracts. It will apply to energy usage from 1 October 2022 to 31 March 2023, running for an initial six-month period for all non-domestic energy users. The savings will be first seen in October bills, which are typically received in November.
Additional information can be found here: Government outlines plans to help cut energy bills for businesses - GOV.UK (www.gov.uk)