Energy Bills capped at £2500 a year - for the average household (subject to usage)

[BecauseICan22]

Truss has just announced this.

"for the typical household" says the BBC notification. Glad they included that bit (this time)

£2500 is for a typical household. Some will pay more and some will pay less as the bill depends on how much energy used.
Prices for each unit of energy will remain the same for 2 years (households) 6 months (business)

For an 'average household' so higher users will still pay more if they use more I presume

Jolly good. I’ve just invested in a Sherpa blanket which y great joy and I’m going to cut down on heating and fuel use anyway. And wear thermals in winter.

The comms on this have been awful.

The bills are not capped at £2,500 a year.

Listening now, rowdy there

Does anyone know what this equates to in price per kwh for both gas and electric? I can have a guess based on today's cap at 1,971 but wondered if there was an official number somewhere?

Hope the details are published with the unit prices soon, need to work out if it's cheaper than my fix (probably!)

Shocker. What is the point of this announcement when it's been leaked and discussed all week anyway

Unbelievable that she wants to protect the profiteering companies

Any news for those of us on oil?

What are the capped unit prices and daily charges? These would be more useful for people to understand.

@MNHQ, can you alter the heading of this post to include 'for the average household (subject to usage)' please?

Why can't they just say unit price is capped?

They think we're too dumb to understand

Just posted this in separate thread - the comms around this are indeed awful. It's so unclear what it means in real terms.

Can anybody who understands energy billing/ govmt announcements please clarify how this 'capping' just announced works? Our monthly energy bills are around £500 currently.. does that mean once we've reached 5 months of such bills we don't pay anymore?! I mean great if that's so but surely not! Thanks

There will be a fund but no details yet

You're definitely getting something too. Apparently, it will be the equivalent help to other households but not sure how/what.

There will be a lot of people who are cross when their energy bill exceeds £2500!

For two years. Just in time for an election.

The figure must be based on underlying unit costs so I just don't understand why these have not been published alongside the statement

Energy task force for domestic supply like the vaccine task force

I think schools and colleges helped but need more info

I am sure oil and gas companies are thrilled to be given so much money from the tax payer! They should have to pay towards it through a windfall tax - it feels wrong to burden future generations.

I am also unsure how they can be confident prices will fall in two years …

Naturally!

30p ish for elec, 10p for gas per kwh.

It's very misleading to give a capped amount in £s as its not the top amount you would pay if you don't use the average amount of gas/electricity

The price per kwh/standing charge amount is what we need to work out our own bills/amount to pay