Energy bill aid to cost government £5bn a month as ad campaign aims to cut usage

2 weeks ago 19

Price of shielding households from soaring bills jumps after regulator Ofgem raises cap by further £730

The cost to the government of shielding households from soaring energy bills is expected to double in the new year to up to £5bn a month, as ministers prepare to push the button on a public information campaign to reduce usage.

The rising costs come as the Treasury seeks to soften the blow of high bills, after the energy regulator, Ofgem, announced an increase to its price cap.

Continue reading...
Read Entire Article