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Uswitch comments on the Government's update to the Energy Price Guarantee

Richard Neudegg, director of regulation at Uswitch.com, comments: “This continues to be a very difficult period for households who are trying to manage their finances.

“From April, two key changes will happen. The average household energy bill will rise from £2,500 a year to £3,000, and the £400 energy bill support for all households will end. 

“The current Government help means there is still protection in place for this winter. The impact of the changes will be mostly felt in winter 2023, when energy use is high and there's no £400 support cushion.

“While there’s much talk of average figures, it’s important to remember that bills are not frozen. The Energy Price Guarantee is a cap on the unit rate of the energy you use - it is not a cap on your final bill. The less energy you use, the less you will pay, but it’s important to manage your energy usage in a safe way.

“Doubling the £6 billion investment in energy efficiency and insulation will be vital in cutting household energy costs and bringing bills down in the long term.

“It’s right that the Government is focusing on supporting those who need it the most, with vulnerable households more at risk of being forced into dangerous situations by high energy costs.

“If your energy account is going into debt or you are behind on your bill payments, speak to your provider as soon as possible.”


FOR MORE INFORMATION

Sarika Patel
Phone: 07815 635259
Email: sarika.patel@rvu.co.uk
Twitter: @UswitchPR

About Uswitch 

Uswitch is one of the UK’s top comparison websites for home services switching, including broadband, mobiles, SIM Only and insurance. We’ve saved consumers over £2.5 billion off their bills since we launched in September 2000.

In 2022, Uswitch launched its free mobile app, Utrack, to help consumers manage their home energy costs. By connecting to their smart meter, users can track their energy usage hourly, get dynamic insights and calculate potential savings with handy tips. 

Uswitch is part of RVU, a global group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.