Saving money on your bills

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Energy bills and the price rise have been in the news recently, and it’s raised a lot of questions. You may have seen our live stream Q&A to speak to our residents around what this means for you.

 Our teams have been working hard to gather information around the energy bills rebate, what it means and how it will work. Our handy FAQ guide is below

What’s the government announced?

A package of support worth £9.1 billion to help households with rising energy bills across 2022-23 including:
  • A £200 discount on energy bills this Autumn for domestic electricity customers. This will be paid back automatically over the next 5 years
  • A £150 non-repayable Council Tax Rebate payment for all households that are liable for Council Tax in Bands A-D
  • £144 million of discretionary funding for Local Authorities to support households who need support but are not eligible for the Council Tax Rebate

How will the Energy Bill Discount Scheme work?

  • All households will receive a £200 cash discount on their bills this Autumn. The government will provide funding to all suppliers for them to pass on to customers from October
  • Customers will pay back the discount automatically in equal instalments over five years, starting from financial year 2023-24, when wholesale gas prices are expected to come down. This is expected to be reflected as an increase to standing charges on bills

 How will the Council Tax rebate work?

  • Households who are in Council Tax Bands A-D, not exempt from Council Tax, will be eligible for a £150 Council Tax Rebate payment from April this year
  • The rebate will be made by your local authority. This won’t have to be repaid. 
  • If you pay by direct debit you’ll automatically get this payment. Each local authority has different guidance, which can be found here
  • People in receipt of the Single Person Discount in Bands A-D will be eligible for a payment of £150


Support Available:


Warm Homes Discount:

Warm Homes Discount is a government scheme opening on 18 October 2021 – and it means You could get £140 off your electricity bill for winter 2021 to 2022.

The money is a one-off discount on your electricity bill, between October and March You may be able to get the discount on your gas bill instead if your supplier provides you with both gas and electricity. Contact your supplier to find out.

To find out if you’re eligible, or to apply visit: Warm Homes discount

Cold Weather Payment:

Starting on 1 November 2021, You may get a Cold Weather Payment if you’re getting certain benefits or mortgage support. 

You’ll get a payment if the average temperature in your area is recorded as, or forecast to be, zero degrees celsius or below over 7 consecutive days.

You’ll get £25 for each 7 day period of very cold weather between 1 November and 31 March.

To find out more information visit: Cold Weather Payment - GOV.UK (www.gov.uk)

Switching Advice

Thinking of switching energy providers?

Whilst switching may not be an option available to us right now, there are things that we can do to help save money in our homes. The Energy Saving Trust said that the price rise could be more than outstripped by changes to our homes and habits.

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Martin Lewis has also offered advice:

Usually fix your tariff? That may not be the best thing to do right now - read with Martin Lewis has to say here




 
 

 And you can read his article here

Have a question about you meter?

We've put together some FAQ's about the different meters and what they mean for you. You can find it here

Has your energy supplier gone bust?

Citizens Advice has written a great article on what happens if your gas or electricity supplier stops trading, and what you should do next

How we can help:


If you’re struggling to pay your rent, we can help: Optivo - Money & benefits guidance*

For more energy tips visit: Optivo - Energy efficiency for residents

Want to get in touch? Why not contact us