Keeping UK energy bills down over winter cost almost £40bn, Treasury says

Government publishes total of support to homes and businesses between October and March

The UK’s cost of keeping energy bills down for homes and businesses over the winter months added up to almost £40bn, the first official government total shows.

The Treasury pegged the final cost of keeping a lid on the UK’s energy bills at £39.3bn between October 2022 and March 2023 after Russia’s invasion of Ukraine propelled energy market prices to record levels.