Every domestic electricity customer across the country will receive a £400 discount off their energy bill from October in a new effort by the UK Government to help millions of households cope with the cost of living crisis. The money does not have to be repaid and energy suppliers will deliver this support over six months from October.
However, not everyone will receive the extra financial help to tackle the next Ofgem price cap rise, which Cornwall Insight now predicts will increase by 64 per cent from October 1, taking the annual cost for a typical user on a standard tariff to £3,245. The energy analysts also said the price cap could go up by a further £360 in January to £3,364.
Energy Minister, Greg Hands explained earlier this week that households without a domestic electricity supply contract are not eligible for the scheme. However, he said: “The [UK] Government is exploring options for other ways in which they might receive similar support.”
