The Department for Business, Energy and Industrial Strategy has released more information about the £200 energy bill ‘loan’ that will be added to more than 28 million electricity accounts across the UK in October.
Ofgem’s energy price cap came into force on April 1, pushing annual consumption on typical, standard tariffs up by £693 to £1,971 per year, while homes on pre-payment meters will see an increase of £708 to £2,017.
The UK Government explains that energy bills are rising because it is more expensive for the companies who supply our energy to buy oil, coal, and gas - over the last year, the price of gas alone has quadrupled.
