MSE News. The energy price guarantee is now set to end in April next year

MSE_Andrew

The energy price guarantee, which was introduced on 1 October to protect households from a hideous 80% increase in energy bills, will now only last until April 2023, rather than for the next two years as originally planned. Here's what we know so far, and how the shake-up could impact your future bills.  

Read the full story here:
'The energy price guarantee is now set to end in April next year – here's what the change means for your bills'

Click reply below to discuss. If you haven’t already, join the forum to reply.

EssexHebridean

Already lots of discussion on the thread that was started when the news broke yesterday here: https://forums.moneysavingexpert.com/discussion/6395302/energy-price-guarantee-no-longer-2-years-just-6-months-at-current-level#latest

[Deleted User]

Daily Star headline writer strikes again.

The_Green_Hornet

Hideous?

As Prince Charles would say, "Dear, oh dear".

ariarnia

are we expecting ofgem to update the cap in december as they would under the new 3 month timescale the government introduced before the cap or is it going to be radio silence and unofficial forcasts between now and march?

QrizB

ariarnia said:

are we expecting ofgem to update the cap in december as they would under the new 3 month timescale the government introduced before the cap or is it going to be radio silence and unofficial forcasts between now and march?

Ofgem's timetable for cap revisions hasn't changed. I'm expecting a December announcement for January, and a March announcement for April.