Subsidising household energy bills will cost the government at least £16 billion over the first three months of next year, according to new estimates. Ofgem said that a typical household would have seen their annual bills hit £4,279 a year from January were it not for the government’s energy price guarantee, which was introduced in October and limits tariffs so that a typical household will not pay more than £2,500 a year until April. The government will pay the differential … read more »
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