Since October 2022, billpayers across the country have been benefiting from the Energy Price Guarantee.
The government scheme originally capped energy costs at £2,500 for two years from October 2022 to September 2023. However, this was later reduced to nine months, increasing to £3,000 from July 2023.
Despite this increase, billpayers will no longer be required to rely on the Energy Price Guarantee because the Ofgem price cap from July will be lower than the EPG at £2,074 for average use. It's important to note that this price cap will not be a flat rate on what you pay on bills per year, and may vary depending on how much energy you use.
