DWP cost of living payments over autumn and winter as price cap announcement made
manchestereveningnews.co.ukEnergy regulator Ofgem has announced the new price cap will be reduced to £1,923 from October 1. It means the average customer should see their energy bills become less costly during the winter period.
According to the energy regulator, the price of gas will go from 8p per kilowatt hour (kWh) today to 6.89p while electricity will drop from 30.1p per kWh to 27.35p.
Despite bills looking cheaper at a glance, it's important to note that government support to supplement energy bills will not be available this winter, potentially resulting in higher charges for many.
The previous government grant reduced bills by between £66 and £67 per month between October and March, 2022. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features Ofgem chief executive Jonathan Brearley said: “It is welcome news that the price cap continues to fall, however we know people are struggling with the wider cost-of-living challenges and I can’t offer any certainty that things will ease this winter.” Fortunately, many groups of people will still receive some financial support throughout Autumn and Winter which could help ease the cost of energy bills.
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