Households will be dealt another blow tomorrow when the cost of energy bills is hiked again. The government's £2,500 energy price guarantee comes into effect from October 1, increasing the average household bill by around £500, from the current cap of £1,971.
The price guarantee will be in place for two years, meaning Brits will be protected from the mammoth rises that were expected to come next year, with analysts previously suggesting average annual bills could hit as much as £6,000 under Ofgem's price cap.
As with the previous cap, the government's energy price guarantee is based on what an average household is likely to spend - but it only caps the standing charges and the price per unit.
Energy bills will still be based on the energy used; so, in reality, households that use more energy will be facing bills much larger than £2,500. READ MORE: One-in-five people looking for better paid job amid cost of living crisis Prime minister Liz Truss is facing calls to clarify recent comments she made stating that no family would have to pay more than £2,500 under the price freeze.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.