Energy bill support extended for three months

Ahead of the budget, the chancellor has announced that energy bill support will continue for another three months.

The Energy Price Guarantee will be kept at £2,500 for an extra three months from April to June, which is expected to save a typical household £160.

Prime Minister Rishi Sunak said: "We know people are worried about their bills rising in April, so to give people some peace of mind, we’re keeping the Energy Price Guarantee at its current level until the summer when gas prices are expected to fall.

"Continuing to hold down energy bills is part of our plan to help hardworking families with the cost of living and halve inflation this year.

Chancellor Jeremy Hunt said: "High energy bills are one of the biggest worries for families, which is why we’re maintaining the Energy Price Guarantee at its current level. With energy bills set to fall from July onwards, this temporary change will bridge the gap and ease the pressure on families, while also helping to lower inflation too."

The Liberal Democrats Treasury spokesperson Sarah Olney said: "Instead of a sticking plaster for another three months, we need meaningful action now.

"The government can afford to do it, they are choosing not to."

"In three months time families will once again be facing a cliff edge of unaffordable heating bills."

Image by Thomas Breher from Pixabay