Ofgem recently announced a 54 per cent rise in energy bills from April for 22 million households across the UK, which will result in an annual increase of £693 to £1,791 for the average user while homes on prepayment meters will see costs go up by £708 to £2,017.
In an effort to help customers combat the upcoming hike in gas and electricity costs, Chancellor Rishi Sunak announced a series of financial support measures along with £290 million of funding for the Scottish Government.
The measures include a £200 bill credit 'loan' for all domestic electricity customers, including those using a prepayment meter, in Scotland, England and Wales which will automatically be added to their bills in October. They will then repay £40 per year from April 2023 for the next five years.
