Although the introduction of the Energy Price Guarantee is a broadly welcome and required intervention by the UK Government, there are number key clarifications needed.
In addition to the updates to the Energy Bill Relief Scheme and the Energy Price Guarantee in Northern Ireland, the government today (21 September) has updated the details of its £400 discount.
Households in Northern Ireland will see a unit price reduction for electricity and gas of up to 17p/kWh and 4.2p/kWh respectively, under the Energy Price Guarantee scheme.
Octopus Energy is reducing its standing charge for those on its variable tariff by 4% to provide additional support for consumers ahead of energy bills jumping in October.
Elexon has launched a consultation on an urgent modification needed to implement and administer payment to suppliers as part of the Government’s Energy Price Guarantee.