Pension Credit claimants could get £140 off energy bills | Personal finance | Finance

It’s more crucial than ever for Britons to save as much as possible on their energy bills, especially as winter is here with some simple tips that can save them hundreds. On which ? Money podcast, finance expert Sarah gave listeners some tips for saving money on their energy bills.

The program offers a one-time discount between October and March and helps low-income people keep their homes warm during the colder months of the year.

People can apply for the discount for this winter on October 18, 2021, and payment does not affect cold weather payment or winter fuel payment for anyone also taking advantage of these programs.

People who receive the Guarantee Credit portion of the Pension Credit are eligible to claim the Warm Home Rebate, as well as low-income people who meet the criteria set out by their relevant energy provider. How a person qualifies for it affects how it is applied.

In addition, cold weather payments are available to Britons who are currently receiving at least one of the designated eligible benefits from the Department for Work and Pensions (DWP).

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Eligible households across Britain receive £25 for every seven days of very cold weather in their area between November 1, 2021 and March 31, 2022.

Recipients of Pension Credit, Income Support, Income-Based Jobseeker’s Allowance, Employment and Support Allowance (ESA) and Universal Credit are eligible to receive payments.

Families receive the payment if the average temperature in their area is reported or forecast to be zero degrees Celsius or below that amount for seven consecutive days.

Temperatures are recorded separately for each UK constituency via local weather stations.

The Ofgem price cap came into effect today and caps the price of energy and the fees that suppliers can levy.

The latest change means:
• Those on standard tariffs, with typical household energy consumption levels, will see their bill rise by £139 – from £1,138 to £1,277 per year
• People with prepaid meters, with average energy consumption, will see an annual increase of £153 – from £1,156 to £1,309
• Households with higher than average energy consumption will have a higher annual bill

Households with fixed rates will not be affected, but those reaching the end of the contract are automatically moved to a default rate set at the new level.

Ofgem’s price cap came into effect today and caps the price of energy and the charges that suppliers can levy.

In the past, customers could search for cheaper deals, but now experts have warned they won’t find anything cheaper, due to high gas prices.

Adam Scorer, from the energy poverty charity National Energy Action, said: “Massive and devastating increases in energy prices will push more than 500,000 more households into energy poverty, leaving them unable to heat or power their home.”