The chancellor Jeremy Hunt made much of his compassionate credentials in today’s autumn statement, but the overwhelming majority of households will see their energy bills increase by £900 next year, adding to bills that charities have warned are already unaffordable.
The government’s energy price guarantee (EPG), which is capping typical energy bills at £2,500 until April, is being extended for another year. However at that time the cap will rise to £3,000 based on average usage. With energy prices forecast to remain high throughout next year, Hunt said the intervention would save the average household £500.
