Energy Price Guarantee rise postponed Mar 21, 2023

October 2022 marked a significant rise of the energy price cap

In response to this, the Government introduced the Energy Price Guarantee, meaning the average household would pay £2,500 a year for their energy bills.

While it was announced in November 2022 that the Energy Price Guarantee would increase by an average of 20% from April 2023, this increase has now been postponed.

This means the average household bill will remain at £2,500 until the end of June

What about after June?

While there is no definite answer, it is suspected that households will pay less for their energy bills from July.

In the meantime, those in receipt of certain means tested benefits may receive a £900 cost of living payment, paid in three instalments of around £300.

Those struggling to pay their energy bills are urged to contact their supplier as soon as possible, as services are in place to ease the cost of living.

How can I lower the cost of my energy bills?

The Energy Price Guarantee is not a set price, so some people will pay more or less than £2,500 for their energy bills.

To ensure your home is as energy efficient as possible, meaning your energy bills are as low as possible, you can view our Schemes page to see if there is funding in your area.

Alternatively, you can contact your local authority who may be able to point you towards local schemes and services.

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