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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Energy

Energy price cap to come into effect this Saturday

Households will also receive a £400 discount on energy bills under the Energy Bills Support Scheme

Household energy bills will rise from this Saturday as the latest price cap comes into effect.

Average household bills will be capped at £2,500 per household a year, but what consumers pay will vary depending on usage, meaning those that use less will pay less and vice versa.

Currently, the cap stands at £1,971 and was expected to nearly double to £3,549 from 1 October before Liz Truss introduced the limit as one of her first measures as Prime Minister.

Households will also receive a £400 discount on energy bills under the Energy Bills Support Scheme in October, a measure introduced by former Chancellor of the Exchequer Rishi Sunak.

Bill payers will receive the one-off payment on their next six bills, reducing the total costs of monthly bills by £66 or £67 up until April.

Additional financial help is also available to pensioners and those with disabilities in the form of one-off payments.

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