No more "Government Energy Bills Support Scheme"?

tracyyi

I released there is no more "Government Energy Bills Support Scheme" of £67 debit from the government. The last £67 payment is on 2nd March 2023.

Is that true?

t0rt0ise

tracyyi said:

I released there is no more "Government Energy Bills Support Scheme" of £67 debit from the government. The last £67 payment is on 2nd March 2023.

Is that true?

Yes, you should have had six. And that's it.

TheElectricCow

Yes, the scheme ran from October to March for a total of £400 given to most domestic electricity accounts.

tracyyi

TheElectricCow said:

Yes, the scheme ran from October to March for a total of £400 given to most domestic electricity accounts.

Thank you.
So, in October 2023, we have to pay higher electricity bill? and no more support from government?

matelodave

correct, insofar as you wont be getting another £400.

However AFAIK there is still an energy price guarantee in place until next April which limits any rises to to the mythical £2500 a year for an average user.

MattMattMattUK

tracyyi said:

TheElectricCow said:

Yes, the scheme ran from October to March for a total of £400 given to most domestic electricity accounts.

Thank you.
So, in October 2023, we have to pay higher electricity bill? and no more support from government?

Why October 2023? Energy bills have fallen and will likely not rise again, so there will not be higher bills in October. There are no more taxpayer funded handouts for the majority of people, although those on certain benefits are getting upwards of £900. 

QrizB

tracyyi said:

TheElectricCow said:

Yes, the scheme ran from October to March for a total of £400 given to most domestic electricity accounts.

Thank you.
So, in October 2023, we have to pay higher electricity bill? and no more support from government?

Your first question has a complicated answer.

Yes, there are no more EBSS payments planned.

However, on current forecasts the Ofgem price cap for winter 2023 will be under £2000, vs. last winter when the EPG cap was £2500. Even allowing for the £400 EBSS, it seems likely that energy prices for average users will be lower during winter 2023 than they were in winter 2022.

This ignores the possibility that winter 2023 may be milder, or harsher, than winter 2022, which will inevitably influence the size of bills.

Qyburn

It would make no sense for the Government to keep blindly subsidising energy costs, in fact its not really the Government, it's the tax payer. Certainly they shouldn't continue throwing it around indiscriminately as before. 

JSHarris

The good news is that wholesale energy prices have been dropping and there's no real indication they will rise back to the levels seen not long after the Russian invasion of Ukraine.  Prices aren't yet back to pre-war levels, but they have stabilised.  That bodes well for retail energy prices, as they lag wholesale price changes by the mean buy-ahead time.  Suppliers will be buying energy now (for next winter) at lower prices than they were this time last year, so with luck we shouldn't need taxpayers to fund everyone's energy bills next year, but instead focus support where it's really needed.

tracyyi

How can we check the energy price since last year, I want to see if there is any price reduce.

Gerry1

tracyyi said:

How can we check the energy price since last year, I want to see if there is any price reduce.

Just look at the calculations in your bills and don't forget to add 5% VAT.