Martin Lewis has provided clarification on what the postponement to the Energy Price Guarantee (EPG) rise means for customers.
Chancellor Jeremy Hunt announced during his Spring Budget that the proposed 20 per cent rise to the EPG would be postponed for three months until June 2023. It means that the maximum amount an average household will spend on their energy bills will remain at £2,500.
The money-saving expert has been one of the chief campaigners to stop the rise in the EPG over the past few months. However, he warned that while the EPG won't rise, it doesn't mean a complete saving on your energy bills due to one other support package being left behind at the end of this month.
