Some people are set to see even more increases to their gas and electric bills this month, despite government support. Those affected are likely to see changes to their bills in January despite the UK government's energy price guarantee capping the top amount you pay until the end of March.
Introduced back in September, the price guarantee capped the cost of a typical household’s energy bill at around £2,500 a year, with the government paying anything over this amount. This is set to remain in place until March 31, when the cap will rise to £3,000, as announced by chancellor Jeremy Hunt last year.
Th guarantee means the energy price cap, announced by regulators Ofgem every three months, is less relevant than usual and means that some people will see no change to their bills in January. The price cap rose to £4,279 on January 1 but bill-payers remain protected under the guarantee. This time last year the price cap was only £1,277. To get all the latest money-saving news straight to your inbox twice a week sign up here.
