The Conservative Government has published further details on the support it is offering to households and businesses in the face of soaring energy prices.
This package of unprecedented assistance for the whole Country provides the certainty households and business owners across Lincoln Skellingthorpe, Bracebridge Heath and Waddington East need to help them manage their energy bills.
Karl, Lincoln’s MP who always Puts Lincoln First, said: “I welcome the Conservative Government’s further announcements today in tackling rising energy bills for households and businesses. This will have a positive impact and provides reassurance and certainty, especially with winter soon upon us. This is the Conservative Government in action, looking after people, families and businesses across Lincoln, Skellingthorpe, Bracebridge Heath and Waddington East.
“I said earlier this month it was also vital that we look to the future with respect to our energy supply so we are never in this situation again. The Government’s plan to accelerate investment in current and new energy sources is a positive move.
“Those, like the Leader of the Labour Party, who are complaining about increasing the use of fossil fuels in the short term will be primarily those who can afford to pay higher bills and do not live in the real world. The Conservatives take action based on the concerns of people and businesses in the real world, while Labour lives in a fictional socialist dreamland.”
Households
The Energy Price Guarantee for domestic consumers will ensure that a typical household pays an average of £2,500 a year for their energy, from 1 October 2022 for the next two years. On average usage, a household will save £1,000 a year.
This is in addition to the already announced £400 Energy Bills Support Scheme for households across the UK. The most vulnerable UK households will also continue to receive £1,200 of support. For those who pay for their energy through a monthly, quarterly or another regular bill, the Energy Price Guarantee will be applied when their bill is calculated.
The Guarantee limits the amount the bill payer can be charged per unit of gas or electricity, so the exact bill amount will continue to be influenced by how much energy is used.
Businesses
The Energy Bill Relief Scheme will provide protections for all businesses, voluntary sector and public sector organisations in Great Britain which face excessively high energy bills over the winter period, whether they are on existing fixed price contracts agreed on or after 1 April 2022, signing new fixed price contracts, variable or deemed tariffs or flexible purchase contracts.
The Energy Bill Relief Scheme will run initially for six months covering energy use from 1 October 2022 until 31 March 2023. The Government will publish a review of the scheme after three months. This review will consider how best to offer further support to customers who are the most vulnerable to energy price increases. These are likely to be those who are least able to adjust, for example by reducing energy usage or increasing energy efficiency.
What to do next and further information
The Conservative Government has designed the schemes to be simple for energy consumers. Families and eligible businesses do not have to take action or apply for support, energy suppliers will automatically apply the appropriate reduction via their energy bill. Households will receive an equivalent level of financial support wherever they are in the UK. The same is true for businesses across the UK too.
More information about the Conservative Government’s plans can be found at:
Energy Price Guarantee for Households: https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022
Energy Bill Relief Scheme: help for businesses and other non-domestic customers
