When does the energy price guarantee end?
The energy price guarantee was originally meant to end at the end of March 2023. However, the Chancellor announced in the Spring Budget that the guarantee would be extended to the end of June 2023. The UK Government estimates that this should save households an average of £160.
The extension of the guarantee aims to provide continued support to households during the cost of living crisis as energy bills remain high.
The UK Government has subsidised energy bills in England, Wales and Scotland since October 2022. In Northern Ireland, energy bills were also subsidised, although there were some differences because of the way the electricity and gas markets operate in Northern Ireland.
The energy price guarantee has capped typical household energy charges at £2,500.