Bills will rise by £500 for the average household
Energy bills are set to rise as the energy price guarantee scheme threshold climbs. Chancellor Jeremy Hunt announced that the energy price guarantee scheme will increase from £2,500 for the average household to £3,000 for 12 months from April as government support is reduced.
READ MORE: 11 key announcements from Jeremy Hunt's Autumn statement including new cost of living payments “With prices forecast to remain elevated through next year, this will still mean an average of £500 support for every household.” “We will also provide an additional £1 billion of funding to enable a further 12-month extension to the Household Support Fund, helping local authorities to assist those who might otherwise fall through the cracks.
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