£300 Million Energy Bill Rebate from Government
By Anne Lewis-Schneider
In a bid to assist consumers who are battling to meet the payments of their gas and electricity bills due to the latest round of increases announced over the past few months by most of the major Big Six Energy Companies, the government has reportedly said that it will be giving a £12 rebate to each individual household in the UK. This will amount to approximately £300 million to fight against the increased cost being seen by consumers on their energy bills.
The rise in energy prices has been a nightmare for the coalition and has seen Labour leader Ed Miliband pledge to freeze energy prices until 2017 (20 months) if the Labour party wins the next election in 2015. The prime minister has dismissed Ed Milibandís pledge as nothing more than a con and has been urging the public to find the cheapest fuel provider and switch to reduce bills. Shortly after Ed Miliband made this pledge, the Big Six Energy Companies bar one increased their prices substantially. There have also been many suggestions from wearing a pullover to going to bed early and using an electric blanket that have been suggested to the public as measures to reduce electricity and heating bills.
The proposed rebate will be funded by moving the Warm Home Discount from the onus of the energy company, to that of general taxation. It has also been reported that the efforts to lower energy bills for consumers will also include an agreement with network operators who currently make up for approximately 20% of each household bill, and this includes the National Grid.
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