New package of measures to help people save on energy costs welcomed
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MP David Duguid has welcomed a new package of UK Government measures to help families save on energy costs and access cheaper deals as figures show prices are set to fall to their lowest level in two years.
Ofgem confirmed the price cap – the maximum amount a typical household pays for gas and electricity – will fall by £238 from April.
Banff and Buchan MP David Duguid has welcomed the reduction as a milestone in the UK Government’s work to reduce costs for families and proof the plan to reduce bills for households is working.
New measures announced by the UK Government include examining how standard energy deals should work to pass on the cheapest electricity costs, plus £10 million in funding for companies to test new technologies and tariffs with their customers to make the most of cheap, low-carbon power.
A new scheme to help customers repair or replace smart meter in-home displays after the one-year warranty is also being launched.
Eight suppliers covering the majority (60 per cent) of the market have signed up so far including E, E.ON, Good Energy, Octopus, Ovo, Scottish Power, Utilita and Utility Warehouse.
Mr Duguid said: “I welcome the work of the UK Government to halve inflation, while energy prices are now significantly lower than their peak.
“This work means households across Aberdeenshire will be paying the lowest cost for their energy since Putin’s illegal invasion of Ukraine two years ago.
“But there are still big issues facing families across the north-east which must be addressed to create a system that's more resilient for the long-term.
“This is why the UK Government is continuing its work in helping to bring bills down ever further and ensure more families benefit from the real savings that smart, flexible energy deals can offer.”
