So we get £200 "discount" and then pay it back over 5 years. First up, not a discount Mr Sunak. A loan.
Second up, found this elsewhere:
Just to clarify in practice the £200 bill-credit 'loan' on all home elec bills in Oct.
- every bill will reduce by £200
- every bill after Apr 23 increases by £40/yr for 5yrs regardless of if you got the £200 or not.
Its a 1yr bill reduction followed by a 5yr compulsory levy.
So just to clarify if are a student currently whose fuel bills are part of your housing costs, or if you are leaving home for the first time and setting up house, or if you are getting a divorce and setting up a new fuel account you will still be liable to pay back the £200. Even if you didn't get it. Robbery.