I am delighted that the Prime Minister has announced a package of measures to help households, businesses, and public sector organisations meet the pressures of rising energy bills and alleviate the cost-of-living crisis.
These measures include:
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The immediate introduction of an energy price guarantee.
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A reduction in the energy price cap announced last week - from the 1st of October, a typical household energy bill will be capped at £2,500 per year for each of the next two years. This should save a typical household £1,000 a year.
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Park Home residents will benefit from equivalent support.
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These measures are in addition to the £400 energy bills discount through the energy support scheme announced in May.
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Those on lowest incomes will continue to receive additional support
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The government will support all businesses, charities and public sector organisations (including schools and hospitals) with their energy costs with an equivalence guarantee of up to 6 months.
It is absolutely right that we provide additional support for those struggling, as we face what is likely to be a difficult winter with rising costs and inflation. Many businesses and constituents have contacted me expressing concern and I welcome this announcement which will ease the burden on businesses and households within the constituency.
I am particularly delighted to see the government’s commitment to extending support for Park Home residents. Ensuring Park Home residents get the same support as all other residents is a real priority for me, with over a thousand Park Home residents in my constituency. I will continue to campaign for park home residents and will ensure it is delivered as promised.
For further information on my campaign on behalf of park home residents: https://www.drbenspencer.org.uk/news/campaigning-fair-deal-park-home-residents
Today’s announcement is a step in the right direction to securing a stable and sustainable long-term energy supply. I welcome the governments pro-growth, pro-business and pro-investment approach to energy and am assured that they will not pursue a windfall tax, which I believe would undermine the national interest and investment needed in our domestic energy production.
While these measures go some way to ease the burden, I understand that some will continue to face pressures with rising costs. If you are experiencing financial difficulties, I would urge you to contact your supplier and also your local authority, who may be able to provide assistance through the Government's Household Support Fund.
Further details of the support measures announced are available here: www.gov.uk/government/news/government-announces-energy-price-guarantee-for-families-and-businesses-while-urgently-taking-action-to-reform-broken-energy-market
