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Energy Update

08 September 2022

Proposing MP
Jacob Rees-Mogg Con
North East Somerset
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
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At a Glance

Issue Summary

The UK government is implementing the Energy Price Guarantee to protect households from rising energy costs.

Action Requested

From October 1st, a typical household will pay no more than £2500 per year for gas and electricity for the next two years. This guarantee includes suspending green levies and adds to an existing £400 Energy Bill Support Scheme.

Key Facts

  • The Energy Price Guarantee applies from October 1st, 2022.
  • A typical household will pay no more than £2500 per year for gas and electricity use for the next two years.
  • This guarantee saves a typical household £1000 annually.
  • The scheme includes an existing £400 Energy Bill Support Scheme.
  • The new guarantee applies to households in Great Britain and Northern Ireland.
  • The Chancellor of the Exchequer will outline the expected costs later this month.
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