The Energy Price Guarantee reduces the unit cost of gas and electricity that eligible households pay for their energy. The scheme starts from 1 October 2022 and will be in place until 31 March 2023.
A Government-led review will be conducted to consider energy support after 31 March 2023.
If you are eligible, the EPG discount will be applied to your bill, and you don’t need to take any action.
With the EPG discount, a typical household will save around £700 this winter based on current prices. Typical household consumes per year 2,900 kWh of electricity and 12,000 kWh of gas. This is broadly in line with median demand (i.e. 50% of households consume more, 50% of households consume less).
Factsheet about the Energy Price Guarantee: https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022
The Help for Households campaign page has information about cost of living support: https://helpforhouseholds.campaign.gov.uk/
The Help with your energy bills has more information about all of the support measures available: https://helpforhouseholds.campaign.gov.uk/help-with-your-bills/