Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of enabling energy consumers to opt-out of the energy bills rebate scheme.
All domestic electricity customers in Great Britain will receive a £200 reduction in their electricity costs from this October. This will be delivered via energy suppliers and will be clearly identifiable as a line item on electricity bills.
This will help people with the increase in energy bills by spreading the increased costs over a few years, so they are more manageable for households.
The energy bill reduction is not a loan – there is no interest due on it, no debt attached to it, and it will not affect your credit rating.