Energy bills are set to rise as the energy price guarantee scheme threshold climbs. Chancellor Jeremy Hunt announced that the energy price guarantee scheme will increase from £2,500 for the average household to £3,000 for 12 months from April as government support is reduced.
The Government will continue the Energy Price Guarantee for a further 12 months at a higher level of £3,000 per year for the average household, the Chancellor has said. Jeremy Hunt told the Commons: “One of the biggest worries about families is energy bills, and I pay credit to my predecessor, the right honourable member for Spelthorne, and the former Prime Minister, the right honourable member for South West Norfolk, for their leadership in this area.
READ MORE: 11 key announcements from Jeremy Hunt's Autumn statement including new cost of living payments
