# UK Energy Price Guarantee caps typical bill at GBP 2,500 (Oct 2022)

Date: 2022

Facing surging gas and electricity prices, the UK government introduced the Energy Price Guarantee from October 2022, capping a typical household's annual energy bill at GBP 2,500 by compensating suppliers for selling below cost. The Office for Budget Responsibility put the EPG cost at about GBP 23.0 billion and total net 2022-23 energy support at GBP 51.1 billion (2.0% of GDP) - a large fiscal subsidy to blunt [cost-of-living pressure](/drivers/econ-cost-of-living-pressure).

## Drivers

- Cost-of-Living Pressure: https://factrail.ai/drivers/econ-cost-of-living-pressure

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/econ-uk-energy-price-guarantee-2022