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Liz Truss travelers Provident Bill Liz Truss

When households can expect £400 energy bill rebate from government

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With the energy bill price cap increasing again in October, many households will be anxious about their finances this winter.

Last month it was confirmed by Ofgem that the price cap - which regulates the amount that 24 million households pay for their gas and electricity - would soar by around 80%.

The price cap works by limiting how much the average home pays for power every year, if they pay by direct debit on a variable rate tariff.

But the unprecedented rise will push the cap to £3,549 per year for the average household - the highest it has ever been. Prime Minister Liz Truss confirmed she would set out a plan to save households and businesses from financial ruin as a result of soaring energy bills on Thursday (September 8).

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