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When will the £400 energy grant be paid?
In May, Chancellor Rishi Sunak announced a new range of support measures to help the country with the current cost of living crisis. It is no news to the UK that inflation is at a 40-year high, reaching a staggering 9.1%.
On top of this, energy prices more than doubling in April of this year left many of us feeling the strain more than ever. Households nationwide are facing troubling times, with more doom and gloom set to come in Autumn as the energy price cap is set to double once more.
As hundreds, or in some cases, thousands of pounds are added to annual bills, the chancellor confirmed a £650 payment to support those on Universal Credit and other specific means-tested benefits.
On top of this, The Chancellor announced that the previously announced £200 energy rebate, which households were required to pay back over 5 years from 2023, will be doubled to £400. Additionally, the grant will no longer have to be repaid, allowing many households to breathe a momentary sigh of relief.
This £400 energy grant will be paid to pretty much every household within the UK. But when will it be paid to us? And how will we receive it?
As previously mentioned, nearly everyone within the UK is eligible for the £400 energy grant. If you rent a property and your energy bills is included in your rent cost, however, the rebate will be paid to your landlord instead of directly to you. This is because your landlord will be the person responsible for paying the bill.
Your landlord should then pass this rebate onto you. However, there are no rules currently in place in which landlords are obligated to reimburse their tenants. If your energy bills are including in your rent costs, reach out to your landlord to discuss this with them immediately and try to come to an agreement.
Similarly, some people who live in a caravan may not receive this payment. If you do live in a caravan and pay an energy fee to the owner of the caravan park, you will not receive this payment. If you pay directly to an energy company yourself, however, you will receive this grant.
Those living on houseboats may be another exception. For many, electricity use may be including in your docking fee, and therefore you will not receive the energy rebate.
Energy suppliers will send the money to households who have a domestic electricity meter over the course of six months. This will begin in October 2022.
If you pay by direct debit, the money will be credited to your account. This is the same for those who pay by credit card. If you have a pre-payment meter, the money may be applied to your meter. It may also be paid via a voucher, depending on your supplier.