This is how much Energy Bill Rescue Plan will save Glasgow households
and live on Freeview channel 276
New Prime Minister Liz Truss set out the Energy Bill Rescue Plan at Westminister on Thursday - shortly before it was announced that doctors were concerned about the Queen’s health.
The scheme is being introduced in a bid to help people across the UK deal with rising energy bills during the cost of living crisis.
Advertisement
Hide AdAdvertisement
Hide AdOfgem is set to lift the energy price cap on October 1, 2022, however, the plan means that households will not feel the full force of the increase.
The current energy price cap in Southern Scotland - including Glasgow - is £1968 per annum.
The planned 80% rise in the energy price cap in October would have seen this rise to a whopping £3550 - which moneysavingexpert predicts will rise even higher in 2023.
However, the new PM’s plan means that annual energy bills will be capped at £2500.
Advertisement
Hide AdAdvertisement
Hide AdThis does not include the £400 energy bill discount which has already been announced, which brings the total amount to £2100 per year.
This means that a typical Glasgow household will save around £1450 per year on their energy bills.
Comment Guidelines
National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.