When does the government energy support end – and what’s replacing it?
The government’s Energy Bills Support Scheme has been a lifeline for many this winter as the cost of living and energy crises continue.
Since October, around 29 million eligible English, Scottish and Welsh households have received £400 off their bills thanks to the £11.7billion scheme.
However, all good things must come to an end – including the helping hand.
But when does it expire, and will it be replaced by anything?
When does the Government energy payment stop?
The scheme comes to an end on March 31, 2023.
Until that time, you can expect two more payments of £67 in February and March. After that, there will be no more help from the scheme.
Those with a domestic electricity meter point who make payments through payment cards, standard credit, and direct debit will receive either an automatic deduction on bills or a separate payment, depending on their provider.
People who use prepayment meters and top up their credit before using energy should be provided with discount vouchers in the first week of each month.
What is replacing the energy support scheme?
In its place, the government has announced the new Energy Bills Discount Scheme – however, instead of helping households, this scheme if for UK businesses, charities, and the public sector.
According to Gov.uk, the new scheme, which begins in April, will mean all eligible UK businesses and other non-domestic energy users will receive a discount on high energy bills until March 31, 2024.
Discounts will vary dependent on the type of business, and this balance will not need to be paid back.
There is also no need to apply for the scheme as suppliers will automatically apply reductions to the bills of all eligible non-domestic customers.
It’s also worth noting that the energy price cap is still in place and is set to run until April 2024.
It’s the maximum figure that consumers can be charged on a variable dual-fuel rate for typical usage of gas and electricity, for a set period of time.
Set by Ofgem – the government’s energy regulator – the price cap applies if you’re on a default energy tariff, whether you pay by direct debit, standard credit or a prepayment meter.
The cap is currently £2,500, but this is due to rise to £3,000 on March 31, 2023.
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