|Regulatory Framework Name||Energy Bills Rebate|
|Regulatory Framework Description||On 3 February 2022, the UK Chancellor Rishi Sunak has announced £9.1 billion Energy Bills Rebate to support families with rising global energy prices. The Energy Bills Rebate will provide around 28 million households with an upfront discount on their bills worth £200. Energy suppliers will apply the discount to domestic electricity customers from October, with the Government meeting the costs. The discount will then be automatically recovered from people’s bills in equal £40 instalments over the next five years. This will begin from 2023, when global wholesale gas prices are expected to come down. Households in England, which are in council tax bands A-D, will also receive a £150 rebate. The rebate to bills will be made directly by local authorities from April. This will not need to be repaid. This one-off payment will benefit around 80 per cent of all homes in England and is £1 billion more generous and more targeted towards lower-income families than a VAT cut on energy bills. On top of this discount, discretionary funding of £144 million will also be provided to support vulnerable people and individuals on low incomes that do not pay Council Tax, or that pay Council Tax for properties in Bands E-H. Devolved governments in Scotland, Wales and Northern Ireland are expected to receive around £565 million of Barnett funding as a result of the Council Tax Energy Rebate in England. While for energy bills, Northern Ireland will be funded to provide comparable support with around £150 million through the Barnett formula next year.|
|Country of Implementation||United Kingdom|
|Regulatory Framework Reference||https://www.gov.uk/government/news/millions-to-receive-350-boost-to-help-with-rising-energy-costs|
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