Treasury will keep energy price guarantee at current levels until end of June, meaning typical annual household bill will remain at £2,500
The three-month extension of the energy price guarantee (EPG) at its current £2,500 level will save a typical household around £160, the Government says.
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.”
“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.
