Martin Lewis has explained what the government's latest energy bill announcement means for households on fixed tariffs. The Energy Price Guarantee, which was unveiled as part of Kwasi Kwarteng's mini-budget in September, ensured that a typical household's energy bill would be frozen at around £2,500 a year.
The guarantee came into force in October and was due to last for two years. But on Monday (October 17) Jeremy Hunt announced that the policy would only last until April.
The newly-appointed Chancellor said there would be a review to look at a “new approach” to target support at those worst off after April and that the new package would “cost the taxpayer significantly less”. Following the announcement, the MoneySavingExpert took to Twitter to share his 'best guess' on what the shake-up means for households on fixed energy bill tariffs.
