Energy Bill Support Scheme: How is the £400 energy bill paid?

The Government has announced that households across England, Scotland and Wales will receive £400 to help get them up energy bills this winter.

The money that part of Energy Bill Support Program The loan, announced in May this year, will be distributed in six installments over six months to around 29 million households.

Households will not receive a one-off payment, instead they will have £66 deducted from their energy bills in October and November and £67 between December and March, the Government said.

The message marks the first detail, like that £400 support the fact that the then chancellor announced in May that she would help people through the cost of living crisis is being paid out.

The support, which has also been accompanied by more targeted efforts for the worst-off households, came in response to predictions that energy bills for the average household would rise to £2,800 in October.

But since then the forecast has become even grimmer, with consultancy BFY believing bills could reach £3,420 a year from October before rising further in January.

Economy and Energy Minister Kwasi Kwarteng said: “People across the country are understandably concerned about the rise in energy costs around the world and the pressure this is putting on daily bills.

“While no government can control global gas prices, we have a responsibility to intervene where we can and this significant £400 rebate on energy bills that we are giving will help millions of families during the colder months.”


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How is the £400 energy payment paid?

How the money arrives depends on how you pay your bill.

If you pay by direct debit, you will see an automatic deduction on the monthly or quarterly statement.

Those with “smart” prepaid devices will see an automatic monthly top-up added to their account.

Customers of traditional prepayment meters receive discount vouchers for energy bills issued by SMS, email or post in the first week of every month. You can then redeem these personally at your usual top-up points.

https://www.theargus.co.uk/news/22568154.energy-bill-support-scheme-will-400-energy-payment-paid/?ref=rss Energy Bill Support Scheme: How is the £400 energy bill paid?

Fry Electronics Team

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