Government today announced the new energy price guarantee. This will start on 1st October and will cap the energy costs for a household with ‘typical’ use at £2500 (it is currently £1971). The Energy Price Guarantee limits the amount households can be charged per unit of gas or electricity. So your exact bill will continue to depend on how much energy you use.
If you have fixed your tariff you can either stay on this, or can leave and switch to the new subsidised tariffs with no exit penalties. There will be some discount applied to existing fixed rates as part of this scheme so you may have to work out which tariff benefits you most.
The £400 payment to all homes this winter will still be paid – this is to be spread over 6 months, as a credit on your bill, a reduction in direct debits or by voucher for those on pre-payment meters.
For those who pay electricity costs via their landlord, equivalent help is promised but there are no details yet.
The other, previously announced, cost of living payments for those on means tested benefits, people over state pension age and those who receive disability benefits will go ahead as planned.
While this is welcome news compared to the £3549 cap that was due to come into effect in October it is still an increase of more than 25% on top of the already extremely high cap. If you are struggling to afford your energy bills please reach out for help.
Contact your supplier first – they have an obligation to try and help you and many suppliers have set up hardship funds.
Caring Together members – or anyone over 55 in Woodhouse, Little London or Leeds city centre – speak to us and we will help you to explore your options re getting help with your bills or seeing if you are entitled to any additional income.
We will also be hosting some information sessions with the Energy Efficiency Worker from Green Doctor Leeds, where you can come along and have a cuppa and have a chat about your current energy bills and energy efficiency:
Monday 12th September at Caring Together premises, 127 Woodhouse Street – 11am -12.30pm
Thursday 27th October and Thursday 24th November at Little London Community Centre 2.30pm-4pm
