In addition to the energy support scheme details referred to on the previous page the Government has introduced the Energy Price Guarantee the details of which are here: Energy bills support factsheet - GOV.UK (www.gov.uk).
The Energy Price Guarantee reduced the unit cost of electricity and gas so that a typical household in Great Britain paid, on average, around £2,500 a year on their energy bill, for 9 month period between the 1st October 2022 to the 30th June 2023.
The consumer saving was based on usage, but on average usage a household will save £1,000 a year (based on current prices from October). Energy suppliers will be fully compensated by the government for the savings delivered to households.
Your actual bill and savings would have been higher or lower depending on the size of your home, how well it is insulated, how many people live there and how much energy you use.
The Energy Price Guarantee is still in effect until March 2024 at the new rate of £3,000 for the typical household, however, due to the fact that the Ofgem price cap is currently lower than this figure you will pay the current, lower, price cap amount for your energy.
Further details about this are available on each energy provider’s website.
