Last week, Chancellor Rishi Sunak announced that the Uk Government will double the £200 energy bill ‘loan-not-loan’ to £400 which is set to be applied to all domestic electricity accounts from October and turned it into a grant meaning nobody needs to pay it back.
The additional support came in the wake of Ofgem predicting that the October price cap is expected to increase by a further £800 to £2,800, potentially putting millions of households under even more pressure during the coldest months of the year.
However, following the announcement, Utility Warehouse (UW) is now offering consumers a fixed energy tariff £550 below the expected October price cap.
