Lucy Allan MP has welcomed the Chancellor's announcement today of the introduction of the Energy Bills Rebate, which will help many residents in Telford as energy prices rise.
The Energy Bills Rebate will provide around 28 million households with an upfront discount on their bills worth £200. Energy suppliers will apply the discount to domestic electricity customers from October, with the Government meeting the costs. The discount will then be automatically recovered from household bills in equal £40 instalments over the next five years. This will begin from 2023, when global wholesale gas prices are expected to come down.
Households in England, which are in council tax bands A-D, will also receive a £150 rebate. The rebate to bills will be made directly by local authorities from April. This will not need to be repaid and will benefit the vast majority of properties in Telford. This one-off payment will benefit around 80 per cent of all homes in England and is £1 billion more generous and more targeted towards lower-income families than a VAT cut on energy bills.
On top of this discount, discretionary funding of £144 million will also be provided to local Councils to support vulnerable people and individuals on low incomes that do not pay Council Tax, or that pay Council Tax for properties in Bands E-H.
Lucy has warmly welcomed these measures that aim to support those most under pressure from rising energy costs.