How much will my bills increase now the energy price cap comes into effect

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How much will my bills increase now the energy price cap comes into effect
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Three stories: 🔴Energy bills are going up from today - here's what you need to know 🔴Hurricane Ian has killed at least 27 people in the US 🔴Train services set to be crippled by fresh strike

PM announces £2,500 average price capThe government estimates that the new price cap will result in average annual energy bills increasing from £1,971 to £2,500.

According to Ofgem, a typical household in Britain has 2.4 people living in it - who use 242 kWh of electricity and 1,000 kWh of gas a month. For example, the government estimates that if you live in a purpose-built flat your average bill will be £1,750.Those who live in semi-detached houses will pay around £2,650 a year.Please use Chrome browser for a more accessible video playerBefore Liz Truss was appointed prime minister, former Chancellor Rishi Sunak announced all households would receive a £400 discount on their energy bills between October 2022 and March 2023.

Some energy companies are directly applying these to bills, while others will credit the amount to customers' bank accounts.Pensioners will receive £300 and some people on special disability benefits will get £150.

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