 Another £150 would go to people on disability benefits including Personal Independence Payment. And it would give another £300 to pensioner households who already receive a Winter Fuel Payment. It comes after the Chancellor first confirmed the Energy Price Guarantee will be watered down last month, instead of running for two years. The Government help should have been set at £2,500 until October 2024, but Mr Hunt had already announced that it won't carry on in its current form beyond April 2023. Jeremy Hunt announcing his Autumn Statement ( Sky News) This is the first time the Chancellor has issued clarity on how exactly the help will carry beyond next April. Much like the Ofgem price cap, which the Energy Price Guarantee replaced, the headline £3,000 figure isn't a total cap on your bills. It is the unit rates and standing charges that are capped - this means if you use more energy, you could pay more than this figure. Similarly, use les){kind=link}
Jeremy Hunt has delivered his Autumn Statement today and confirmed the Government’s energy help will continue beyond April – but bills will still rise to £3,000
Energy bills will rise to £3,000 a year for the typical household from April – up from £2,500 now, Jeremy Hunt has announced.
The rise means households won’t pay the £3,739 that is being predicted by energy analysts at Cornwall Insight.
But bills are still eye-wateringly high compared to a year ago, when the Ofgem price cap was £1,277 in October 2021.
The Chancellor confirmed the Energy Price Guarantee will be extended beyond April in his Autumn Statement today.