Yesterday my electric tariff was 38p per unit. Today it is down to 17p, which is quite a drop, and not far off the 14p it was last year. The reason is the new Energy Price Guarantee scheme has come into effect.
The scheme will cap the price for a unit of gas and electricity until April 2023. Bills will be reduced by up to 19.9p per kilowatt hour (kWh) for electricity and 4.8p/kWh for gas.
The Consumer Council have created a handy price table for all suppliers that you can view here (PDF). You should seriously consider switching suppliers as the savings can be considerable, the Consumer Council also has a handy comparison tool to tell you how much you can save.
Important. If you are on a PAYG electric meter, you must top up to apply the new rate. So top up with a tenner, and you will be sorted.
Some other good news is the price of home heating oil continues to drop, it is now £433 for 500litres.
I don’t think I have ever said anything nice about the government but I have to admit this will make a massive difference to people this winter. Combined with the £400 payment (when we eventually get it) most people’s energy costs should not be too far off what they were paying last year.
I help to manage Slugger by taking care of the site as well as running our live events. My background is in business, marketing and IT. My politics tend towards middle-of-the-road pragmatism, I am not a member of any political party. Oddly for a member of the Slugger team, I am not that interested in daily politics, preferring to write about big ideas in society. When not stuck in front of a screen, I am a parkrun Run Director.