• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
British Households Could Get Payout Up To £500 To Help With Energy Bills

Home> News

Updated 09:34 25 May 2022 GMT+1Published 09:31 25 May 2022 GMT+1

British Households Could Get Payout Up To £500 To Help With Energy Bills

The news arrives after the announcement that the UK’s energy price cap is expected to increase to £2,800 later this year

Daisy Phillipson

Daisy Phillipson

Featured Image Credit: Alamy

Topics: UK News, News, Money, Boris Johnson, Rishi Sunak

Daisy Phillipson
Daisy Phillipson

Daisy graduated from Kingston University with a degree in Magazine Journalism, writing a thesis on the move from print to digital publishing. Continuing this theme, she has written for a range of online publications including Digital Spy and Little White Lies, with a particular passion for TV and film. Contact her on [email protected]

X

@DaisyWebb77

Advert

Advert

Advert

Rishi Sunak is expected to announce additional funding for British households, which could include a payout of up to £500 to help with energy bills. 

An increase of the Warm Home Discount Scheme is part of a rumoured £10bn support package set to help the UK public as the cost-of-living crisis deepens. 

A government source told the Daily Mail that the Chancellor of the Exchequer is finalising the details of the package with the Prime Minister, which he could reveal as early as tomorrow (26 May). 

The news arrives after the announcement that the UK’s energy price cap - the maximum price per unit suppliers can charge you - is expected to increase to £2,800 later this year.

Advert

Alamy

Currently the cap sits at £1,971, having already jumped a staggering £693 from the previous figure earlier this year, a rise which saw households pay an extra £700 a year on average.

Following Ofgem's announcement that the cap could increase by a further £800, a Downing Street spokesperson said they are 'actively looking at what more could be done in this space'.

Initially, they listed some of the support set to arrive in October, including a £200 discount from energy bills and an increase of the Warm Home Discount to £150. 

However, the source said the latter could jump to £500, as well as a potential increase in benefits in order to offset the issues caused by soaring inflation rates and energy bills, which has pushed many low-income households even further into poverty.

Advert

Rishi Sunak.
Alamy

This follows a report from The Times suggesting the government is considering a range of support options, including a one-off increase to £300, £500 or even £600 for the warm home discount. 

While the government was already planning a financial intervention later this year, the insider said the scheme is being fast-tracked, although whether this will happen remains to be seen.  

They added that there are concerns amongst MPs that the Tory government looks out of touch following the ongoing Partygate scandal.

Earlier this week, photos emerged showing Boris Johnson drinking at one of the many gatherings held at 10 Downing Street when the rest of the UK was following Covid restrictions. 

Advert

As for the rising energy price cap, Ofgem's chief executive Jonathan Brearley spoke yesterday about what he describes as 'genuinely a once-in-a-generation event not seen since the oil crisis of the 1970s'.

He said: “I am afraid to say conditions have worsened in the global gas market since Russia’s invasion of Ukraine. Gas prices are higher and highly volatile. At times they have now reached over 10 times their normal level.

“I know this is a very distressing time for customers but I do need to be clear with this committee, with customers and with the government about the likely price implications for October.

“Therefore later today I will be writing to the Chancellor to give him our latest estimates of the price cap uplift.

Advert

“This is uncertain, we are only part way through the price cap window, but we are expecting a price cap in October in the region of £2,800.”

Choose your content:

11 hours ago
  • 11 hours ago

    Everything we know about Texas floods that have killed at least 121 as Trump arrives at disaster site

    The President and the First Lady have headed to the state one week after the horror floods wreaked havoc

    News
  • 11 hours ago

    Scientists make surprising discovery at what lies under Antarctic ice sheet after its been covered in ice for 34 million years

    It could help scientists predict the future of the ice sheet

    News
  • 11 hours ago

    Paedophile to be surgically castrated after raping girl, 6, in nation's shock new punishment tactic

    It comes a year after a law was passed in Madagascar permitting the controversial punishment

    News
  • 11 hours ago

    Scientists think they've worked out what unknown interstellar object in our solar system is

    It came from outside our own solar system

    News
  • Man left permanently disabled with 'dinosaur hands' after inhaling up to 500 laughing gas balloons a week
  • British woman stuck in Kenya with organ failure facing £80,000 medical bills after simple mistake on health insurance form
  • Amount of compensation British man who spent 38 years in prison for murder could receive as conviction is overturned
  • Millions Will Receive First Cost Of Living Payments Soon, Government Confirms