Martin Lewis’ verdict on energy bills
The Government has extended the energy price guarantee to July.
It means millions of households won’t see their bills go up in April.
Instead the average bill will be frozen at £2,500.
But the £66/67 monthly energy rebate stops being paid this month, which means effectively bills will go up.
Martin added the end of the rebate will have a bigger proportional impact on households who pay less for their energy.
The Government also announced today energy firms will not be allowed to charge people with prepayment meters extra fees from April 2024.
But Martin went on to explain that prepayment meter customers could end up paying more for their energy from next year compared to those paying by direct debit.
This is because once fixed tariffs come back they tend not to be offered to prepayment meter customers.
He added those on direct debit tariffs might get offered cheaper tariffs and more choice compared to those on prepayment meters.
Martin said: “The only problem will be once fixed tariffs come back, which I think they will be coming back soon, they tend not to be offered on prepay.
“Which means people on direct debit will be able to get probably cheaper tariffs, or at least more choice of tariff than those on prepayment meters.”
This post first appeared on thesun.co.uk
