What just happened to the energy price guarantee?

Confused about what’s been going on with the Energy Price Guarantee? We don’t blame you.

The Energy Price Guarantee was announced in September 2022 by then Chancellor, Kwasi Kwarteng.

It capped off the energy rates at which people on a variable energy rate will pay for gas and electricity.

This was important, as prices were predicted to double, even triple over the next 6 to 18 months. 

These slides help explain what happened.

What rates are the energy price guarantee set at?

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