Millions of households to save over £1,000 on bills
MILLIONS of households are set to save roughly £1,000 on their yearly energy bills after the new price cap was announced.Households are to save on their energy billsBut households are protected by the energy price guarantee put in place by government in October this year.
Households won't have to do anything as the EPG limits the average yearly bill to £2,500 up until March 31 next year. The government will extend the energy price guarantee from next April but average yearly bills will increase to £3,000. Chancellor Jeremy Hunt confirmed in the Autumn Statement on November 17 the EPG will run until the end of March 2024 to protect households from high energy bills.
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