Millions of households across the UK will have their energy bills remain at £2,500 a year for at least three months from April 1. However Martin Lewis has warned that despite Jeremy Hunt's budget announcement, people will see a rise in their energy bills next month..
It comes after news the plans to increase the Energy Price Guarantee by 20 per cent have been postponed from April until July of this year, in the Chancellor's budget this morning.
It also closely follows a month-long campaign led by Martin Lewis, founder of MoneySavingExpert, which has been backed by 131 charities and consumer organisations for the postponement to go ahead. This includes National Energy Action, Which?, Citizens Advice, Alzheimer's Society and Energy UK, the trade body of the energy retailers.