Ofgem to Announce £150 Energy Bill Cap Price for Winter 2023

Ofgem is set to announce the quarterly price cap for winter energy prices in October. Energy companies will distribute the £150 Warm Home Discount to approximately six million households. This discount is available to those receiving benefits such as housing benefit, Pension Credit, and universal credit. In Scotland, 345,000 low-income households will automatically receive the rebate, aligning its policy with England and Wales. This matters for ordinary investors as it highlights ongoing support measures for vulnerable households affected by energy costs.

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