Help for energy bills will be extended for a further three months from April to June at its current level, capping the typical annual household bill at £2,500.
The Energy Price Guarantee (EPG) had been due to rise to £3,000 in April and the cost of scrapping the planned 20% increase will amount to around £3 billion.
The Government says the move will save households £160 on average compared to if the guarantee had risen to £3,000 as planned - but households will still see energy bills rise as the £400 rebate is coming to an end, reports The Mirror.
