Financial expert Martin Lewis is calling on the UK Government to postpone the 20% increase on the energy price guarantee scheduled for April. He urged chancellor Jeremy Hunt to consider the "disproportionate" damage it will have on "people's pockets and mental health".
In an open letter to Mr Hunt the MoneySavingExpert founder said he was asking him to "urgently consider postponing that increase" which is also set to affect households at the same time that the £400 energy support scheme comes to an end. Currently energy customers are protected from soaring energy costs by the UK Government's energy price guarantee, which caps the typical bill at £2,500 a year. However this cap is set to rise by 20% on April 1 this year, which means that people face paying more for their energy bills.
At the same time the last monthly payment of the government's energy support scheme will be paid in March. The combination of both could see millions more households considered "fuel poor" according to Lewis.
