![]() ![]() Mr Hunt has also served notice on the Energy Bill Relief Scheme, which provides support for businesses and public institutions by discounting the wholesale price they can be charged. There are fears that average household energy bills that do not benefit from government support could top £4,300 in April. It had been scheduled to run until October 2024. Today’s statement on government economic strategy from the new Chancellor, Jeremy Hunt, contained a bombshell announcement that the Energy Price Guarantee (EPG) will only run as originally designed until April 2023.Īs detailed in the stories below, the EPG caps the rate suppliers can change per unit of energy and for associated standing charges, putting annual bills for a household with typical consumption at around £2,500. Contact if you have stories on this topicġ7 October: Support For Businesses Also Subject To Treasury Review Latest news on the UK energy market, including details of the Ofgem price cap, tariff rate increases, company information and regulatory developments. ![]() Energy Update: Hunt Shocks Market By Pulling Price Guarantee From April Forbes Advisor has selected Runpath Regulated Services Limited to compare a wide range of loans in a way designed to be the most helpful to the widest variety of readers. The comparison service on our site is provided by Runpath Regulated Services Limited on a non-advised basis. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. ![]() The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. These “affiliate links” may generate income for our site when you click on them. Second, we also include links to advertisers’ offers in some of our articles. This site does not include all companies or products available within the market. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This comes from two main sources.įirst, we provide paid placements to advertisers to present their offers. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. ![]()
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