The UK government has released new details on plans to offer £400 energy bill discountsto an estimated 29 million households across the country from this October. The new guidance contains important information for those using both smart and traditional prepaid meters.
All households with domestic electricity accounts are automatically eligible for the £400 Delinquency Grant. This gives you a £66 discount on your electricity bill in October and November, £67 per month from December to March 2023. Discounts are offered on a monthly basis regardless of whether the consumer pays monthly, quarterly or has an associated payment card.
Smart Prepayment Meter Customers can see discounts credited directly to their smart prepayment meter on the 1st week of each month. Traditional prepaid meter customers will be provided with a redeemable voucher or special action message (SAM) issued by SMS text, email, or mail on the first week of each month. up point.
However, the guidance is that customers of traditional prepaid meters should ensure their suppliers have up-to-date contact details so they can receive and understand how to redeem their vouchers. said there is a need.
This means you need to check if your energy supplier is correct:
- Home address
- Mobile phone Number
The UK Government also said it would work with suppliers and third parties on communication and messaging for prepaid meter customers to ensure vouchers are used. increase.
Despite plans to provide monthly support to millions of customers, some energy experts warn households could run out of that money in just a few days. I'm here.
Latest forecasts from Auxilione suggest his current price cap of £1,971 will rise to his £3,576 from 1st October.
An energy expert said: We're looking internally to remove about £100 from the cap (acceptable).
"We've included it here, so we've downgraded our previous forecast. But despite this ray of light, most of the rest of the forecast involves home afflictions.
Based on this week's petrol prices, they believe the price cap will be £4,704 in January next year and £5,856 in April.
It then drops, but stays at stomach-churning levels, reaching 5,235 pounds in July and 5,235 pounds next year in October.
Ofgem will be announcing new price capseffective October 1st through Friday August 26th.
Who is eligible for the £400 Utility Assistance Scheme?
All households with a home electricity connection in the UK are eligible for a £400 discount. There is no need to contact your energy supplier as it will be paid automatically. There is no need to apply for this UK-wide support.
How do I get the discount?
The £400 discount will be managed by the supplier and paid out to the customer over 6 months from October 2022.
This discount is applied as follows:
- October - £66
- November - £66
- December - £67
- January - £67
- February - £67
- March - £67
According to BEIS, discounts are offered on a monthly basis, regardless of whether the consumer pays monthly, quarterly or has an associated payment card ... apparently ...
If you have not received your first installment payment by the end of October, you will need to contact your energy supplier.
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