UK Government announces Energy Price Guarantee for families and businesses while urgently taking action to reform broken energy market.
Energy Price Guarantee
From 1 October 2022, a new ‘Energy Price Guarantee’ will mean a typical UK household will now pay up to an average £2,500 a year on their energy bill for the next two years. This is automatic and applies to all households.
This will save the average household at least £1,000 a year based on current energy prices from October and is in addition to the £400 energy bills discount for all households.
This applies to all households in Great Britain, with the same level of support made available to households in Northern Ireland.
A new six-month scheme for businesses and other non-domestic energy users (including charities and public sector organisations like schools) will offer equivalent support as is being provided for consumers. This will protect them from soaring energy costs and provide them with the certainty they need to plan their business.
For further information visit:
- Government announces Energy Price Guarantee for families and businesses while urgently taking action to reform broken energy market - GOV.UK (www.gov.uk)
- Help for Households - Get government cost of living support
- Energy bills support factsheet: 8 September 2022 - GOV.UK (www.gov.uk)
Welsh Government: