From 1 July 2023, energy prices are being set by Ofgem’s price cap. Annual energy bills for a typical household will be around £2,074, down from £2,500. Read more about the July price cap here.
Giving simple, easy-to-implement energy advice to your residents could help them save hundreds of pounds on their energy bills.
The Energy Price Guarantee that was put in place from 1 October 2022 was set to run until April 2023, but it’s now been extended for a further three months and runs until the end of June 2023. Under the guarantee, a typical household in England, Scotland and Wales will pay an average of around £2,500 a year for their energy.
The £400 Energy Bills Support Scheme (EBSS), which started in October 2022 and gave most households a discount on their energy bills, ended in March 2023. There’s further support for more vulnerable groups, and in February 2023 the government launched the Energy Bills Support Scheme Alternative Funding for households without a direct relationship to an energy supplier who can apply for their £400 EBSS support.
Even with this support aimed at easing the cost-of-living crisis, energy bills are still much higher than they were last year. Residents need advice on the action they can take to save energy and money. You can help your residents by following our six top tips to get started.