British renewable energy company, Octopus Energy, has issued an important update to its customers on the £400 cost of living payment.
The company has been working hard to support its customers throughout the current cost of living crisis, as Ofgem plan to raise the price cap once again in October 2022. The current price cap, which limits the rate at which supplies can charge their customers, is sitting at a whopping £1,971 before the increase.
The UK Government is currently in the process of rolling out the cost of living support to energy companies across the country, with £400 owed to every household. The energy rebate will be paid in six monthly instalments from October 2022, the same month that the price cap will increase.
