We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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

Options
MSE_Andrew
MSE_Andrew Posts: 173 MSE Staff
First Post First Anniversary Photogenic I've been Money Tipped!
edited 18 October 2022 at 4:52PM in Energy

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.

Comments

  • EssexHebridean
    EssexHebridean Posts: 21,527 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Options
    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
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00
    Balance as at 31/12/23 = £112,000.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • [Deleted User]
    Options
    Daily Star headline writer strikes again.
  • The_Green_Hornet
    Options
    Hideous?

    As Prince Charles would say, "Dear, oh dear".
  • ariarnia
    ariarnia Posts: 4,225 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Options
    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?
    Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott

    It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?

    Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.
  • QrizB
    QrizB Posts: 13,822 Forumite
    First Anniversary First Post Photogenic Name Dropper
    Options
    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.
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
    Taking a break, hope to be back eventually.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs.
Meet your Ambassadors

Categories

  • All Categories
  • 344.2K Banking & Borrowing
  • 250.4K Reduce Debt & Boost Income
  • 450.2K Spending & Discounts
  • 236.4K Work, Benefits & Business
  • 609.8K Mortgages, Homes & Bills
  • 173.6K Life & Family
  • 249K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards