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What is the government's Energy Price Guarantee?

From 1 July 2023, households without prepayment meters will no longer qualify for any Energy Price Guarantee discount on their energy bills. This is because the latest Ofgem price cap rate is lower than the Energy Price Guarantee level. Customers on variable tariffs will return to paying the rate set by Ofgem's price cap, and those on a fixed tariff who received a discount will revert to the rates they initially agreed to when they chose their fixed tariff.   If any discount is applicable, it'll be automatically applied to your unit rates. 

The Energy Price Guarantee will remain in effect until the end of March 2024 in case the price cap goes above £3,000 per year.

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How much energy does the average UK household use?

Ofgem says a typical household uses 2,900kWh of electricity and 12,000kWh of gas each year. A typical Economy 7 household uses 4,200kWh of electricity.

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