How much would a VAT fuel cut save your bill?
Low user
Typically defined as a household in a one or two-bed home using around 8,000kWh of gas and 1,800kWh of electricity per year.
Their average annual bill is £884 – £73 a month – of which £42 goes to the Treasury in VAT.
If the price cap jumps by around 50% from April as feared, that same customer could be shelling out £1,326 a year, or just over £110 a month.
Scrapping VAT on household energy could save them...