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Save £400 on your energy bills this winter

Author: ICAEW

Published: 10 Aug 2022

We are all feeling the pinch of rising energy costs across our businesses and homes. The Energy Bills Support Scheme is a UK government initiative that will offer all eligible households in the UK a £400 discount on their electricity bill.

You will not need to apply, electricity suppliers will automatically discount your bills by £66 then £67 per month for six months starting in October 2022 as follows:

Direct debit customers

Direct debit customers will receive the discount automatically as a reduction to the monthly direct debit amount collected, or as a refund to the customer’s bank account following direct debit collection during each month of delivery.

Standard credit customers and payment card customers

Standard credit customers and payment card customers will see the discount automatically applied as a credit to standard credit customers’ accounts in the first week of each month of delivery, with the credit appearing as it would if the customer had made a payment.

Smart prepayment meter customers

Smart prepayment meter customers will see the discount credited directly to their smart prepayment meters in the first week of each month of delivery.

Traditional prepayment meter customers

Traditional prepayment meter customers will be provided with redeemable vouchers or Special Action Messages (SAMs) from the first week of each month, issued via SMS text, email or post. Customers will need to take action to redeem these at their usual top-up point.

This scheme will apply to households in England, Scotland and Wales.