Government rules out more help on energy bills

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Government rules out more help on energy bills
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The price cap on gas and electricity is set to fall, but at about £2,000 remains historically high.

The government has ruled out more help for homes with energy bills despite costs remaining historically high.

Since last October, household energy bills have been limited to £2,500 under the government's Energy Price Guarantee Scheme.The Energy Price Guarantee Scheme is set to finish at the end of June. Because the price cap, set by the regulator Ofgem, is expected to be below the Energy Price Guarantee scheme, bills will no longer be subsidised.

People on low income as well as the elderly and disabled will still receive help. However, consumer finance expert Martin Lewis said: "It is the people just above the threshold who don't get the cost of living help for whom £2,000 a year for energy bills is unaffordable."When the price cap was introduced in January 2019, the typical household gas and electricity bill was £1,137.

Consultancy group Cornwall Insight predicts that the typical household energy bill will fall to £2,054 between July and September for a dual-fuel bill paid through direct debit.

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