How will John Healey’s energy support package affect you?
Summary
John Healey announced a package aimed at easing household energy costs in Britain. It includes a one-off £100 payment for eligible households, a planned end to gas standing charges, and an extension of the removal of VAT from electricity bills until July.Key Facts
- About 20 million households in council tax bands A to D are due to receive a one-off £100 payment in January.
- The government says the payment will cost £2.6 billion and go directly into bank accounts.
- The payment will be in addition to the Warm Home Discount, which gives about 6 million eligible households £150 off winter energy bills.
- The government plans to end gas standing charges for 23 million homes in 2027 or as soon as possible afterward.
- Ending gas standing charges could save households using less than the average amount of gas, while households with high use could pay more under higher unit rates.
- The article estimates a home using 7,000 kilowatt hours of gas a year could save about £40, while a home using 14,000 kilowatt hours could pay about £25 more.
- The government removed the 5% VAT charge on electricity bills for 29 million households and plans to keep it removed until July; the Treasury estimates annual savings of £50.
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