28/10/2026
Energy was a key feature in the Budget today. What does it all mean?
1️⃣ Fed up of standing charges? These will be scrapped on gas bills from 2027. It will only apply to standard variable tariffs and it has been estimated to save 60% of households an estimated £45 per year. The cost will be put onto the unit charge so some high users could end up paying more.
2️⃣ Do you live in a home with a Council Tax band A to D? If so, you will receive a £100 'household energy payment'. It will be paid into bank accounts this winter.
3️⃣ VAT on electricity was dropped to zero from the 1st October 2026. This was due to last 6 months but 0% has been extended until 1st July 2027.
Contact us if you need advice this winter on your energy bills.