Ofgem announced recently that the Energy Price Cap will rise by £693 from April. This will affect default tariff customers who haven’t switched to a fixed deal and those who remain with their new supplier after their previous supplier exited the market.
In response, the Government has announced support including an Energy Bills Rebate to provide around 28 million households with an upfront loan towards bills worth £200. Energy suppliers will apply the reduction to domestic electricity customers from October, and the sum will then be automatically recovered from people’s bills in equal £40 instalments over the next five years.
Households in England in council tax bands A-D will also receive a one-off £150 rebate. The rebate will be made directly by local authorities from April and will not need to be repaid.
