2025 Budget £150 energy bill discount

Morning ​@Firedog, thanks for posting.

We’re not sure as of yet, but will be sure to update you as soon as we have any news on this.

And now we learn that some of the effect of the budget reduction on our bills is going to be offset (clawed back) to fund upgrading the distribution networks:

From the BBC:
Energy grid investment of £28bn to push up household bills

The Ofgem Press Release:
Ofgem unlocks £28 billion investment to maintain a safe, secure and resilient energy grid and to upgrade and expand capacity to meet growing demands

In total £108 will be added to bills by 2031. £48 for gas and £60 for electricity. Alongside maintaining grid resilience this investment will deliver significant savings of around £80 compared to not expanding the grid.

Electricity grid expansion alone is expected to reduce bills by £50 by 2031, thanks to lower reliance on imported gas and the halting of constraint costs ensuring power flows efficiently from where it’s generated to where it’s needed, even at peak demand. In short, investing now is cheaper for consumers than delaying, and electricity grid investment more than pays for itself.

Overall the net increase in bills to cover all costs by 2031 will be around £30 or less than £3 per month with costs expected to fall further over time.

Jam tomorrow then.