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Government’s new Energy company bail-out

So Rishi Sunak just announced a bail-out for Energy companies dressed as support for consumers. Yes with the increased energy price cap, 54% higher coming into effect in April, the government plan to give your energy £200 on your behalf six months later, which you will pay for over the next five years.

The government claim that they are meeting the cost in full, but why am I paying for it.

What if I don’t want this loan? will it tie me to my current provider for another five years until this unnecessary “debt” is repaid?

So now my energy company is getting a£200 bailout from the government, which I will then pay for over the next five years, but it’s claimed that I’m the one benefitting!

 

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Lawrence Mallinson
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