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| Version 67 | Version 68 |
|---|---|
| What is the energy price cap and what will happen to bills? | What is the energy price cap and what will happen to bills? |
| (17 days later) | |
| The government has reduced the amount of help it will be offering households to pay for their energy, meaning that bills could rise sharply in April. | |
| However, the National Grid is starting a scheme which gives discounts to people who cut electricity use at peak times of the day. | |
| How is help with energy bills changing? | How is help with energy bills changing? |
| The government previously said households using a typical amount of gas and electricity would pay £2,500 annually. | The government previously said households using a typical amount of gas and electricity would pay £2,500 annually. |
| It said this "energy price guarantee" would last for two years. | It said this "energy price guarantee" would last for two years. |
| However, it will now end in April 2023. So, only this winter's bills will be covered by the policy. | However, it will now end in April 2023. So, only this winter's bills will be covered by the policy. |
| What Jeremy Hunt's statement means for you | What Jeremy Hunt's statement means for you |
| How much will I pay after April? | How much will I pay after April? |
| What happens to bills after April will depend in part on a government review. It says this will prioritise those most in need. | What happens to bills after April will depend in part on a government review. It says this will prioritise those most in need. |
| For households that do not receive any further support, a typical annual energy bill could be £4,347 in the spring, according to analysts Cornwall Insight. | For households that do not receive any further support, a typical annual energy bill could be £4,347 in the spring, according to analysts Cornwall Insight. |
| However, this depends on changes to the prices domestic energy suppliers pay for oil and gas. | However, this depends on changes to the prices domestic energy suppliers pay for oil and gas. |
| Do I live in a typical household? | Do I live in a typical household? |
| The £2,500 annual price for a typical household is based on a direct debit customer using 12,000 kWh (kilowatt hours) of gas and 2,900 kWh of electricity a year. A kilowatt hour is a unit of energy used to calculate your bill. | |
| However, most households aren't typical, and your bill depends on how much energy you actually use. | However, most households aren't typical, and your bill depends on how much energy you actually use. |
| Things like the number of occupants, the type of property and how energy efficient it is all make a difference. | Things like the number of occupants, the type of property and how energy efficient it is all make a difference. |
| The price guarantee applies to all households in England, Scotland and Wales, with the "same level of support" available in Northern Ireland. | The price guarantee applies to all households in England, Scotland and Wales, with the "same level of support" available in Northern Ireland. |
| How is the National Grid offering to help? | |
| The National Grid is starting a trial scheme, running between November and March, to encourage people to use less electricity at peak times. | |
| It says that people who avoid using high-energy appliances such as washing machines in the late afternoon or early evening could get discounts of up to £100 on their energy bills. | |
| Customers can sign up to the scheme only if they have a smart meter. It will run on 12 "test days". | |
| On those days, customers will be asked not to use high-energy appliances for one hour of the day, expected to be between 16.00 and 19.00. | |
| They will then get up to £3 per kilowatt hour off their electricity bill. | |
| The scheme is also open to businesses. | |
| Money-off energy scheme launches to avoid blackouts | |
| What other help will businesses get with bills? | |
| Business customers were only ever promised help for six months, with a review to decide what to do after that. The government says any subsequent help will be "targeted to those most affected". | Business customers were only ever promised help for six months, with a review to decide what to do after that. The government says any subsequent help will be "targeted to those most affected". |
| Under the energy bill relief scheme: | Under the energy bill relief scheme: |
| businesses are given a discount based on a "government supported price" of 21.1p per kWh for electricity and 7.5p per KWh for gas | businesses are given a discount based on a "government supported price" of 21.1p per kWh for electricity and 7.5p per KWh for gas |
| the government says this is less than half the wholesale prices expected this winter | the government says this is less than half the wholesale prices expected this winter |
| organisations on fixed price contracts will be eligible if their deal started after 1 April 2022 | organisations on fixed price contracts will be eligible if their deal started after 1 April 2022 |
| those on variable tariffs will receive an automatic discount for each unit of energy used | those on variable tariffs will receive an automatic discount for each unit of energy used |
| the savings will begin to appear in November's bills (backdated to October) and will be applied automatically | the savings will begin to appear in November's bills (backdated to October) and will be applied automatically |
| a review will be published in three months' time to identify "vulnerable" organisations needing support after March 2023 | a review will be published in three months' time to identify "vulnerable" organisations needing support after March 2023 |
| The scheme will apply to all non-domestic energy customers in England, Scotland and Wales, with a parallel scheme in Northern Ireland. | The scheme will apply to all non-domestic energy customers in England, Scotland and Wales, with a parallel scheme in Northern Ireland. |
| Why have energy prices gone up? | Why have energy prices gone up? |
| Energy costs have soared because the conflict in Ukraine has reduced supplies of Russian gas. | Energy costs have soared because the conflict in Ukraine has reduced supplies of Russian gas. |
| Prices also rose because demand for energy has rocketed since Covid restrictions ended. | Prices also rose because demand for energy has rocketed since Covid restrictions ended. |
| What other help can I get with my bills? | What other help can I get with my bills? |
| All households are automatically getting a one-off £400 discount on their fuel bills from October. | All households are automatically getting a one-off £400 discount on their fuel bills from October. |
| Eight million low-income households who receive certain benefits or tax credits are receiving £650 in two payments. | Eight million low-income households who receive certain benefits or tax credits are receiving £650 in two payments. |
| Pensioner households will get £300 and some disabled people will be paid £150. | Pensioner households will get £300 and some disabled people will be paid £150. |
| This help is being partly funded by a temporary windfall tax on oil and gas companies. | This help is being partly funded by a temporary windfall tax on oil and gas companies. |
| In addition, vulnerable families can claim help through the Household Support Fund, and the Warm Home Discount scheme. | In addition, vulnerable families can claim help through the Household Support Fund, and the Warm Home Discount scheme. |
| Energy companies also run hardship funds, although the regulator Ofgem warned that most firms need to do do more to help customers who are struggling. | Energy companies also run hardship funds, although the regulator Ofgem warned that most firms need to do do more to help customers who are struggling. |
| What can I do if I can't pay my energy bill? | What can I do if I can't pay my energy bill? |
| Ofgem: Getting help if you can't afford your energy bills | Ofgem: Getting help if you can't afford your energy bills |
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