In March’s budget, the chancellor announced that the planned 20% rise of the existing Energy Price Guarantee in April will be postponed.

This means that a typical household will continue to pay around £2,500/year until July – although it’s important to remember this is not a total cap because the more energy you use, the more you will pay. Using less of course, means you will pay less.

The help will continue until the summer when energy prices are predicted to fall.

The other main change is that the Energy Bills Support Scheme (EBSS – the £66/£67 monthly payments that have been paid over the last 6 months) finishes at the end of March. This means that you may end up paying more for your energy bills.

The government also announced “an end to the prepayment penalty”. It intends to remove the premium paid by those on Prepayment meters to bring charges in line with Direct Debt rates from 1 July. It’s estimate this will save about £45 a year for people on those meters.

If you’re worried about your energy bills this winter – please don’t worry alone. Call us for free on 0800 988 2881 to find out more about how we can help you.

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