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Belfast Live
Belfast Live
National
Martin McCullough

Households told they could save £1,000 on bills as Energy Price Guarantee scheme reduces

The Consumer Council is calling on consumers to consider switching energy supplier to save money on their bills.

It issued the advice as the reduction to the Energy Price Guarantee scheme (EPG) discount from January 1, 2023, means saving money will become more important.

The EPG scheme, which is run by the UK government, was introduced on November 1. It lowers the unit costs consumers pay their energy supplier for electricity and gas but that amount is being reduced from 19.9p/kWh to 13.6p/kWh for electricity and from 4.8p/kWh to 3.9p/kWh for gas on New Year's Day.

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