ENERGY PRICE GUARANTEE
Last updated: 3.50pm, Tuesday 13th September 2022
Energy bills will be capped at £2,500 a year for a typical household from 1 October 2022 for the next two winters, Prime Minister Liz Truss has announced. A £400 energy rebate will also continue to be paid as planned from October. Here's MoneySavingExpert.com founder Martin Lewis' round-up.
The energy price guarantee limits the amount households can be charged per unit of gas or electricity. So, your exact bill will continue to depend on how much energy you use. You do not need to apply, and there's no need to contact your energy supplier. For households in England, Scotland and Wales who pay for their energy through monthly, quarterly, or other regular bills, the guarantee will be applied when your bill is calculated. Here are the average unit rates for dual-fuel customers paying by direct debit:
- Electricity
Unit rate: 34.00p per kWh
Standing charge: 46.36p per day
- Gas
Unit rate: 10.30p per kWh
Standing charge: 28.49p per day
Here is the link for the money savings expert website, where you can look at it in more detail:
https://www.moneysavingexpert.com/news/2022/09/energy-bills-price-freeze-cost-of-living-government-liz-truss-/