Energy: Housing

Question

The Government has announced a new ‘Energy Price Guarantee’ to limit the price suppliers can charge customers for units of gas and electricity. This will save the average household £1,000 a year based on current energy prices from October.

In recognition of the fact that families should not have to bear all of the VAT costs they incur to meet their needs, domestic fuels such as gas, electricity and heating oil are already subject to the reduced rate of VAT at 5 per cent.