From today, the Energy Price Guarantee will reduce the unit cost of electricity and gas so that a typical household in Great Britain pays, on average, around £2,500 a year on their energy bill, for the next two years.
The price guarantee limits the amount you can be charged per unit of gas or electricity but your exact bill amount will continue to be influenced by how much energy you use.
You don’t need to apply for this new guarantee and there’s no need to contact your energy supplier, the discount is automatic. If you get a message telling you that you need to apply, or asking for your bank or credit card details, this could be a scam.
The Energy Bills Support Scheme is also being introduced so that all households with a domestic electricity connection will receive a £400 non-repayable discount to help with their energy bills over winter 2022 to 2023. The discount will be applied to your monthly household electricity bill for six months starting in October 2022.
This means you’ll get:
- £66 in October and November
- £67 in December, January, February and March
You will get the discount monthly, even if you pay for your energy quarterly or use a payment card. Traditional prepayment meter users will get equivalent vouchers that you’ll need to redeem, click here for more information.
With energy prices changing for most households from today, if you don’t have a smart meter it’s a good idea to give a meter reading to your supplier as soon as possible. This stops your supplier from estimating your usage, and potentially assuming you’ve used more at the higher rate than you actually have.
You can read more about this from Money Saving Expert Martin Lewis here.
