In 17th November 2022's autumn statement, the overwhelming majority of households saw their energy bills increase by £900 next year, adding to bills that charities warned were already unaffordable.
The government’s energy price guarantee (EPG), which is capping typical energy bills at £2,500 until April, is being extended for another year. At this time the cap will rise to £3,000 based on average usage. With energy prices forecast to remain high throughout the year, The chancellor said the intervention would save the average household £500.
Ofgem has recently confirmed that the above average household cap of £3000 per year will start from 01/04/2023. As it has been confirmed that the EPG is continuing, we will write to you in the next few weeks to explain how this will affect your bills.
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